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shbensonjr shbensonjr
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Use the following two statements to answer this question:
I) There is no requirement that common shares pay dividends at all.
II) The level of dividend payment of common shares is discretionary.

▸ I is correct, II is incorrect.

▸ I and II are correct.

▸ I and II are incorrect.

▸ I is incorrect, II is correct.
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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enzeeenzee
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