好好学习向前进 · 2023年08月20日
NO.PZ2016012005000049
问题如下：
Which of the following assumptions is not required for Miller and Modigliani’s (MM) dividend theory?
选项：
A.Shareholders have no transaction costs when buying and selling shares
There are no taxes
Investors prefer dividends over uncertain capital gains
解释：
C is correct. The MM dividend theory assumes no taxes or transaction costs, but it does not assume investors have a preference for dividends over capital gains.
老师，之前有一章专门讲过MM理论，定性和定量的，现在那一章的内容是删掉了吗
王琛_品职助教 · 2023年08月21日
嗨，爱思考的PZer你好：
是的哈
也请参考：https://pzacademy-teaching1.yuque.com/vgrhmf/mdomgt/abfao2?singleDoc# 《CFA II 2023年课程变化汇总》
----------------------------------------------虽然现在很辛苦，但努力过的感觉真的很好，加油！
NO.PZ2016012005000049 问题如下 Whiof the following assumptions is not requirefor Miller anMogliani’s (MM) vintheory? A.Shareholrs have no transaction costs when buying anselling shares B.There are no taxes C.Investors prefer vin over uncertain capitgains C is correct. The MM vintheory assumes no taxes or transaction costs, but it es not assume investors have a preferenfor vin over capitgains. 老师好，我想请问目前考纲是否还要求定性和定量掌握MM理论的内容？如题
NO.PZ2016012005000049 请问这个就是MM红利理论吗？这里只是说它从MM理论推导出来的，但是没说就是MM的内容之一？ 另外这里也没说到no tax，只是说perfemarket assumptions，所以从何得知是no tax？
