Remaining Time: 26 minutes, 18 seconds. Question Completion Status: QUESTION 3 Who determines a company's payout policy a. Shareholders b. Bondholders c. Government d. Board of directors QUESTION 4 Reasons for preferring repurchasing stock over paying a cash dividend do not include a. Signaling b. Managerial flexibility c. Offset dilution from executive stock options d. Asymmetric information QUESTION 5 Cash dividends are fully taxed in the year received even when reinvested, which means the shareholder is paying tax on cash not actually received. This statement is a. True b. False Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All @