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Basic Question 0 of 5
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 used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
compare methods used to estimate the required return on equity;
CFA® 2025 Level II Curriculum, Volume 2, Module 18.