If all clientele groups are currently satisfied, then

A. all future cash dividends should be in the form of stock dividends.
B. changes in a single company's dividend policy will have no effect on the company's market value.
C. companies can increase their market value by increasing their current dividends.
D. all future cash distributions should be in the form of stock repurchases.
E. all investors are taxed equally on their dividend income and capital gains.



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