Assume that a company is based in a country that has no taxes on dividends or capital
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Assume that a company is based in a country that has no taxes on dividends or capital gains. The company is considering either paying a special dividend or repurchasing its own shares. Shareholders of the company would have:
A. greater wealth if the company repurchased its shares.
B. greater wealth if the company paid a special cash dividend.
C. the same wealth under either a cash dividend or share repurchase program.
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Related Book For
Corporate Finance A Practical Approach
ISBN: 9781118217290
2nd Edition
Authors: Michelle R Clayman, Martin S Fridson, George H Troughton, Matthew Scanlan
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