資源描述：
《CHAPTER_15_DISTRIBUTIONS_TO_SHAREHOLDERS_DIVIDENDS_AND_REPURCHASES》由會(huì)員上傳分享，免費(fèi)在線閱讀，更多相關(guān)內(nèi)容在教育資源-天天文庫(kù)。
1、CHAPTER15—DISTRIBUTIONSTOSHAREHOLDERS:DIVIDENDSANDREPURCHASES1.?Theoptimaldistributionpolicystrikesthatbalancebetweencurrentdividendsandcapitalgainsthatmaximizesthefirm'sstockprice.?a.?True?b.?FalseANSWER:??TruePOINTS:??1DIFFICULTY:??Difficulty:EasyL
2、EARNING?OBJECTIVES:??INTE.GENE.16.95-LO:15-3NATIONAL?STANDARDS:??UnitedStates-BUSPROG:ReflectiveThinkingSTATE?STANDARDS:??UnitedStates-AK-DISC:DividendpolicyLOCAL?STANDARDS:??UnitedStates-OH-DefaultCity-TBATOPICS:??OptimaldistributionpolicyKEYWORDS:?
3、?Bloom’s:Knowledge2.?Thedividendirrelevancetheory,proposedbyMillerandModigliani,saysthatprovidedafirmpaysatleastsomedividends,howmuchitpaysdoesnotaffecteitheritscostofcapitaloritsstockprice.?a.?True?b.?FalseANSWER:??FalsePOINTS:??1DIFFICULTY:??Diffic
4、ulty:EasyLEARNING?OBJECTIVES:??INTE.GENE.16.95-LO:15-3NATIONAL?STANDARDS:??UnitedStates-BUSPROG:ReflectiveThinkingSTATE?STANDARDS:??UnitedStates-AK-DISC:DividendpolicyLOCAL?STANDARDS:??UnitedStates-OH-DefaultCity-TBATOPICS:??DividendirrelevanceKEYWOR
5、DS:??Bloom’s:Knowledge3.?MM'sdividendirrelevancetheorysaysthatwhiledividendpolicydoesnotaffectafirm'svalue,itcanaffectthecostofcapital.?a.?True?b.?FalseANSWER:??FalsePOINTS:??1DIFFICULTY:??Difficulty:EasyLEARNING?OBJECTIVES:??INTE.GENE.16.95-LO:15-3N
6、ATIONAL?STANDARDS:??UnitedStates-BUSPROG:ReflectiveThinkingSTATE?STANDARDS:??UnitedStates-AK-DISC:DividendpolicyLOCAL?STANDARDS:??UnitedStates-OH-DefaultCity-TBATOPICS:??DividendirrelevanceKEYWORDS:??Bloom’s:Knowledge4.?Ifinvestorspreferfirmsthatreta
7、inmostoftheirearnings,thenafirmthatwantstomaximizeitsstockpriceshouldsetalowpayoutratio.?a.?TrueCengageLearningTesting,PoweredbyCogneroPage?29CHAPTER15—DISTRIBUTIONSTOSHAREHOLDERS:DIVIDENDSANDREPURCHASES?b.?FalseANSWER:??TruePOINTS:??1DIFFICULTY:??Di
8、fficulty:EasyLEARNING?OBJECTIVES:??INTE.GENE.16.95-LO:15-3NATIONAL?STANDARDS:??UnitedStates-BUSPROG:ReflectiveThinkingSTATE?STANDARDS:??UnitedStates-AK-DISC:DividendpolicyLOCAL?STANDARDS:??UnitedStates-OH-DefaultCity-TBATOPICS:??Investors'dividendpre
