Consider the following two statements: (I) A company with a large portion of inside ownership, all of whom are high-income individuals. (II) A growth company with an abundance of good investment opportunities. For each of the companies described above, would you expect it to have a high or low dividend payout ratio? a. Low dividend payout ratio for the company mentioned in Statement (I) and high dividend payout ratio for the company mentioned in Statement (II) b. Low dividend payout ratio for both companies c. High dividend payout ratio for both companies d. High dividend payout ratio for the company mentioned in Statement (I) and low dividend payout ratio for the company mentioned in Statement (II)
