问题如下：

Which of the following statements is correct regarding a large amount of cash dividend payment?

选项：

A.

The agency conflict between shareholders and managers would decrease.

B.

The agency conflict between shareholders and bondholders would decrease.

C.

The default risk of debt would decrease.

解释：

A is correct.

考点：Different Types of Dividends

解析：支付现金股利，会增加股东和债权人之间的代理问题，债券的违约风险会上升。发放股利会增加自由现金流的支出，降低了管理层过度投资的概率，从而减少股东和公司管理层之间的代理问题。