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supersour supersour
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A year ago
Which of the following describes MM’s argument regarding a company’s stock price increase after an increase in dividends?


▸

it necessarily indicates that investors prefer dividends to retained earnings



▸

it indicates that equity is a preferred means of financing relative to debt



▸

it does not necessarily indicate that investors prefer dividends to capital gains



▸

it does not necessarily indicate that investors prefer cash dividends to stock dividends

Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
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shindh02shindh02
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A year ago
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