In the absence of taxes, transaction costs, or changes in a firm's operating or investment policies
A) the greater the payout ratio, the greater the share price of the firm.
B) the price of a share of stock is not affected by dividend policy.
C) the firm should retain earnings so stockholders will receive a capital gain.
D) the firm should pay a dividend only after current equity financing needs have been met.
Answer: B
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________ is a cross-sectional design in which there are two or more samples of respondents and information is obtained from each sample only once
A) Multiple cross-sectional design B) Single cross-sectional design C) Cohort analysis D) None of the above
If the annual cost of goods sold is $10,000,000 and the average inventory is $2,000,000, what is the
turns ratio? A) 5 B) 0.2 C) 20% D) $8,000,000 E) cannot be calculated from the information given