Mingkang · 2020年12月21日
问题如下：
Which of the following factors would not tend to be associated with a company having a low dividend payout ratio?
选项：
A. High flotation costs on new equity issues.
B. High tax rates on dividends.
C. Low growth prospects.
解释：
C is correct.
With low growth prospects, a company would typically have a high payout ratio, returning funds to its shareholders rather than retaining funds.
选项A：为什么分红率低，可能意味着新股发行费用高呢？NO.PZ2016012005000028 问题如下 Whiof the following factors woulnot tento associatewith a company having a low vinpayout ratio? A.High flotation costs on new equity issues. B.High trates on vin. C.Low growth prospects. C is correct.With low growth prospects, a company woultypically have a high payout ratio, returning fun to its shareholrs rather thretaining fun. 老师，A是增发的费用高，如何理解？C它是谁的增长率，如何理解？
这题非常让人迷惑，题目我理解是，以下哪个同公司的低分红比率无关。A，新股发行成本，显然和分红比率无关。B，分红税率高，公司不倾向于分红。肯定没错。C，诚然如果后续发展机会不大，公司倾向于多分红。但是否可以反过来理解为，目前的分红比率低，意味着公司的效益不好，而效益不好可能与未来的发展预期不好至少有一定的相关度。按照题面，似乎A更为符合“无关”这个说法。要么就是题面的表述不太准确。
High trates on vin. Low growth prospects. C is correct. With low growth prospects, a company woultypically have a high payout ratio, returning fun to its shareholrs rather thretaining fun. 分红的税比较高，应该只是对客户影响比较大，反而c，是不是前景不好的时候，公司要留更多的钱，看上去似乎更合理一些？
如果分红少，那么按照公式1-T要大呀，那么T要小呀，为什么不选B呢
