Suppose the dividend yield of the market changes solely as a result of changes in investors expectations about future corporate cash flows (dividends). In this
Suppose the dividend yield of the market changes solely as a result of changes in
investors expectations about future corporate cash flows (dividends). In this case, right after
an increase in the dividend yield, expected returns are the same as they were before the
increase in the dividend yield
TRUE OR FALSE
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Authors: George H. Pink, Paula H. Song
7th Edition
1640553177, 978-1640553170
