NO.PZ2023040402000041
问题如下：
In a recent presentation, Doug Pearce made two statements about dividends:
- Statement 1 “A stock dividend will increase share price on the ex-dividend date, all other things being equal. ”
- Statement 2 “One practical concern with a stock split is that it will reduce the company’s price-to-earnings ratio. ”
选项：
A.No for both statements.
Yes for Statement 1 and no for Statement 2.
No for Statement 1 and yes for Statement 2.
解释：
A is correct.
Both statements are incorrect. A stock dividend will decrease the price per share, all other things being equal. A stock split will reduce the price and earnings per share proportionately, leaving the price-to-earnings ratio the same.
题目是说 price to earnings，并不是准确的price to earnings per share吧？（或者PE ratio），所以拆股price下降，earning不变 → 那么price to earnings 应该下降吧？
