Which Three of the Following Statements Are Correct

Multiple Choice

Which three of the following statements are correct?

A) In a world with no external finance available, dividend policy should not follow a residual approach.
B) The resolution of uncertainty argument on dividend policy is based on the premise that investors perceive more distant dividends as subject to more risk and therefore they prefer near- term dividends.
C) Some shareholders are attracted to firms that follow dividend policies consistent with their objectives.
D) A scrip dividend gives shareholders the opportunity to receive additional shares in proportion to their existing holding, instead of the normal cash dividend.