微信扫一扫
实时资讯全掌握
|
What is the impact on shareholder wealth of a share repurchase versus cash dividend of equal amount when the tax treatment of the two alternatives is the same? A. A share repurchase is equivalent to a cash dividend of an equal amount, so total shareholder wealth will be the same. B. A share repurchase will sometimes lead to higher total shareholder wealth than a cash dividend of an equal amount. C. A share repurchase will always lead to higher total shareholder wealth than a cash dividend of an equal amount. |