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Basic Question 0 of 6
The "bird-in-the-hand" theory of dividends would suggest that investors
B. prefer that firms retain and reinvest earnings.
C. are indifferent between dividend payment and earnings retention.
A. prefer that firms pay dividends.
B. prefer that firms retain and reinvest earnings.
C. are indifferent between dividend payment and earnings retention.
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe global variations in ownership structures and the possible effects of these variations on corporate governance policies and practices;
CFA® 2025 Level II Curriculum, Volume 3, Module 16.