[CFA level 1模拟真题]Version 3 Questions－Q38 following, factors, company, class

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Q38. Which one of the following factors is least likely to affect a company's dividend payout policy decision?

A. Tax rate of the corporation.

B. The floatation cost on new issues of equity.

C. Shareholder preference for income versus capital gains.

D. The signaling effect that changes in dividend policy convey.

[此贴子已经被作者于2007-10-29 20:18:38编辑过]

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答案和详解如下：

Q38.  A   Study Session 9-50-g

It is the tax treatment of dividends that may impact the company's dividend policy decision, not the tax rate of the corporation. For example, if dividends were taxed at a lower rate than capital gains, there may be an incentive for companies to increase dividend payouts.

vivian1022

b

hollow

a

找找感觉

b

水模样

b

LEEFEI571

A

denker5781

?

ponymaly

a

ondesert

b