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.
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perfect market assumptions，所以从何得知是no tax？
