NO.PZ201809170300000203
问题如下:
Which of Ho’s statements regarding free cash flow is (are) correct?
选项:
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.
您好,我想问一下如果分红不影响FCF, 那为什么我们在计算时,又要考虑dividend to prefered stock 呢?谢谢