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NEW QUESTION: 1
If GTM does not generated document content, what might be the reason?
A. One or more owners have not approved the document.
B. One or more subscribers have not viewed the document.
C. One or more document validation rules have not been satisfied.
D. One or more reviewers have not accepted the document.
Answer: C
NEW QUESTION: 2
Lasers cannot browse the Internet by using Google Chrome. Users can browse successfully by using other browsers. You plan to use the Policy Trace too to replicate and diagnose the issue. Which setting do you configured
A. proxy port
B. user agent
C. URL category
D. MIME type
Answer: B
NEW QUESTION: 3
Which of the following statements is most correct?
A. Stock splits reduce the number of shares outstanding.
B. A key advantage of the residual dividend policy is that it usually results in a stable dividend policy, which is attractive to investors.
C. A reduction in the capital gains rate should work to discourage corporations from repurchasing their shares.
D. The bird-in-hand theory of dividends suggests that firms that increase their dividend payout should expect to realize a higher share price and a lower cost of equity capital.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
The main conclusion of MM's irrelevance theory is that dividend policy does not affect the required rate of return on equity. Gordon-Lintner disagreed stating that k(s) decreases as the dividend payout is increased because investors are less certain of receiving the capital gains which should result from retaining earnings than they are of receiving dividends. They said that investors value expected dividends more highly than expected capital gains because the dividend yield is less risky than the growth component in the total expected return equation, k(s) = D1/Po + g. MM disagreed and theorized that k(s) is independent of dividend policy, implying that investors are indifferent between dividends and capital gains. MM called the Gordon-Lintner's study the bird-in-the- hand fallacy, because MM thought the riskiness of the firm's cash flows to investors in the long run is determined by the riskiness of the operating cash flows, not by dividend policy.