NO.PZ201809170300000203
问题如下:
Which of Ho’s statements regarding free cash flow is (are) correct?
选项: A.
B.
Statement 2 only
C.
Neither Statement 1 nor Statement 2
解释:
C is correct. Transactions between the company and its shareholders (through cash dividends, share repurchases, and share issuances) do not affect free cash flow. However, leverage changes, such as the use of more debt financing, have some impact on free cash flow because they increase the interest tax shield (reduce corporate taxes because of the tax deductibility of interest) and reduce the cash flow available to equity.
老师能帮忙找一下,问题二的基础课讲义原文在哪里吗?我就是想画一下重点,找不到了。