1. dividends are paid out of profits, and:
a. dividend payments must be approved by the firm's board of directors.
b. dividends are guaranteed.
c. dividends are paid before a firm's taxes are paid.
d. dividends are usually paid twice a year. 2. which of the following statements is true about financial planning?
a. any kind of financial expert (such as a stockbroker, lawyer, or accountant) can you develop a comprehensive financial plan.
b. once you have painstakingly developed a financial plan, it is not wise to change it.
c. once you have made a decision to buy an investment, there is no need for continued evaluation.
d. you must always consider the tax consequences of selling your investments.