Question
Tax effect theory of dividend payout assumes that a.Dividends are taxed at a lower rate than capital gains tax b.Dividends are taxed at a higher
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Tax effect theory of dividend payout assumes that
a.Dividends are taxed at a lower rate than capital gains tax
b.Dividends are taxed at a higher rate than capital gains tax
c.Investors prefer higher dividend payout
d.Investors are indifferent to dividend payment.
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Financial Modeling
Authors: Simon Benninga
4th Edition
0262027283, 9780262027281
