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NEW QUESTION: 1
Which of the following statements about dividend policy and capital structure is TRUE?
A. Investors view a stock repurchase as a positive signal and a stock issue as a negative signal.
B. A person who believes in the clientele effect and a proponent of the "bird-in-hand" theory would have similar views on dividend payout policy.
C. A diversified shareholder is most concerned with stand-alone risk.
D. Monte Carlo simulation is used to estimate market risks; scenario analysis measures stand-alone risk.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Investors view a stock repurchase as a positive signal and a stock issue as a negative signal. A repurchase may mean that management believes the stock is undervalued. To understand why a stock issue is viewed negatively, consider the following circumstances: A biotech company has a new blockbuster drug that will increase its profitability, but to produce and market the drug, the company needs to raise capital. If the company sells new stock, then as sales (and thus profits) occur, the price of the stock will rise. The current shareholders will do well but not as well as they would have had the company not sold more stock before the share price increased. Thus, it is assumed that management will prefer to finance growth with non-stock sources.
The other statements are false. A person who believes in the clientele effect and a proponent of the "bird- in-hand" theory would not have similar views on dividend policy. The clientele effect suggests that different groups of investors want different dividend levels (often based on tax status), and through the law of supply and demand, investors will select companies that meet their needs. Thus, dividend payout policy does not matter. According to the "bird-in-hand" theory, investors prefer dividends to capital appreciation because they view the former (D1/ P0) as less risky than the latter (g, or growth rate). Stand-alone risk is the company's individual, or unique, risk. An undiversified shareholder is concerned with stand-alone risk. A diversified shareholder is most concerned about undiversifiable, or systematic, risk. Both Monte Carlo simulation and scenario analysis are used to estimate stand-alone risk.
NEW QUESTION: 2
A. HDMI
B. Thunderbolt
C. DVI
D. DisplayPort
Answer: B
NEW QUESTION: 3
Which of the following statements regarding table access in SAP systems (for example, SAP ECC) are
true? Note: There are 2 correct answers to this question.
A. Table access can be controlled using table: TDDAT.
B. Tables marked as current settings (SOBJ) can be changed although the client settings do not allow
changes to this client in a productive system.
C. Tables can be only accessed via transaction: SM30 if a maintenance dialog was created before.
D. With transaction: SE16N you can only display the content of tables.
Answer: B,C
NEW QUESTION: 4
Click the Exhibit button.
In the exhibit, you have three jobs: J1,J2,J3. The Job Sequencer compilation option, "Automatically Handle Activities that fail" is checked. Which two methods shown in the
exhibit ensure J1 and J2 finish successfully before J3? (Choose two.)
A. Exhibit C
B. Exhibit D
C. Exhibit A
D. Exhibit B
Answer: A,C