开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)|3.2.5(安卓)APP下载

摇一摇 · 2025年05月01日

求解

NO.PZ2016021705000060

问题如下:

Assume that a company is based in a country that has no taxes on dividends or capital gains. The company is considering either paying a special dividend or repurchasing its own shares. Shareholders of the company would have:

选项:

A.

greater wealth if the company paid a special cash dividend.

B.

greater wealth if the company repurchased its shares.

C.

the same wealth under either a cash dividend or share repurchase program.

解释:

C  is correct.

When there are no taxes, there are no tax differences between dividends and capital gains. All other things being equal, the effect on shareholder wealth of a dividend and a share repurchase should be the same.

上课的时候说一般回购会比现在的价格有一个溢价,持有人才会愿意卖,那为什么选的是same?

0 个答案
  • 0

    回答
  • 0

    关注
  • 1

    浏览
相关问题

NO.PZ2016021705000060 问题如下 Assume tha company is basein a country thhno taxes on vin or capitgains. The company is consiring either paying a specivinor repurchasing its own shares. Shareholrs of the company woulhave: A.greater wealth if the company paia specicash vin B.greater wealth if the company repurchaseits shares. C.the same wealth unr either a cash vinor share repurchase program. is correct.When there are no taxes, there are no tfferences between vin ancapitgains. All other things being equal, the effeon shareholr wealth of a vinana share repurchase shoulthe same. 老师您好,想问下课件上哪里有关于这个考点的吗?可以麻烦截图么?没什么印象了。

2023-03-27 23:29 1 · 回答

NO.PZ2016021705000060 greater wealth if the company repurchaseits shares. the same wealth unr either a cash vinor share repurchase program. is correct. When there are no taxes, there are no tfferences between vin ancapitgains. All other things being equal, the effeon shareholr wealth of a vinana share repurchase shoulthe same. 回购可以使得股价升高呀,有杠杆作用

2021-12-14 09:00 2 · 回答

NO.PZ2016021705000060 老师好, 我记得stovincash vin比,stovin令contributecapital上升。但这个stakeholr's wealth和contributecapital没关系对吗? 老师我觉得我这几个概念没掌握好,可否帮我讲讲为何stovincash vin比,stovin令contributecapital上升?我只知道老师说RE少了,contributecapital就会上升。但我不明白为什么有这个因果关系,我记得李老师上课说contributecapital就是记录股票的原始价值,那不应该不变么?也想确认下RE少了是因为V多了(不论是cash的形式还是股票的形式)吗? 还有就是shareholr wealth都跟什么有关呢?讲义里面写着不论是现金股利、股票股利、拆股或是并股都不改变shareholr wealth。那什么能改变它呢? 问题有些杂,辛苦老师帮忙解答了,谢谢!

2021-07-18 18:16 1 · 回答

回购不是会使equity下降吗

2020-03-14 20:57 1 · 回答