Match the following constructs with underlying theories on dividend decisions :

  List I   List II
  Dividend Constructs   Theories on Dividend
(a) Bird-in-the hand argument (i) M-M theory
(b)

Irrelevance of dividends

(ii) Walter Model
(c)

Interdependence of investment and dividend decisions

(iii) Lintner model
(d)

Tax considerations in dividend decisions

(iv)

Gordon model

Choose the correct options from those given below:

1
(a) - (ii), (b) - (i), (c) - (iii), (d) - (iv)
2
(a) - (iv), (b) - (iii), (c) - (i), (d) - (ii)
3
(a) - (iii), (b ) - (ii), (c) - (i), (d) - (iv)
4
(a) - (iv), (b) - (i), (c) - (ii), (d) - (iii)

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