Low dividends may increase stock value according to the
A) impact of agency costs. B) bird-in-the-hand theory.
C) information effect. D) tax bias in favor of capital gains.
D
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Suppose that OIS rates of all maturities are 6% per annum, continuously compounded. The one-year LIBOR rate is 6.4%, annually compounded and the two-year swap rate for a swap where payments are exchanged annually is 6.8%, annually compounded
Which of the following is closest to the LIBOR forward rate for the second year when LIBOR discounting is used and the rate is expressed with annual compounding A. 7.199% B. 7.221% C. 7.229% D. 7.225%
By the time the subprime financial crisis hit in force, Fannie and Freddie had ________ subprime and Alt-A assets on their books
A) over $1 trillion of B) very few C) been prohibited from holding D) none of the above