Question

1) When the Board of Directors of a company declares that it will pay dividends what...

1) When the Board of Directors of a company declares that it will pay dividends what is the correct answer?

a) Record date                      

b) Ex-dividend date                             

c) Payment date                  

d) Declaration Date

2) Some of the determinants of dividend policy are legal restrictions, restrictive covenants, the ability of debt and access to capital markets and sales of the company.

True

False

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