Question
In 2004, Microsoft had an exceptionally profitable year. Since management was uncertain about whether future years would be as successful they declared a(n) ________ in
In 2004, Microsoft had an exceptionally profitable year. Since management was uncertain about whether future years would be as successful they declared a(n) ________ in order to share the firm's good fortune with their shareholders.
- Distribution.
- Increase in the regular cash dividend.
- Liquidating dividend.
- Stock dividend.
- Extra dividend.
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International Financial Management
Authors: Geert Bekaert, Robert J. Hodrick
2nd edition
013299755X, 132162768, 9780132997553, 978-0132162760
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