NO.PZ2024022701000099
问题如下：
All else being equal, which of the following has the same effect on shareholders' wealth as a cash dividend?选项：
A.A stock split
B.A stock dividend
C.A share repurchase
解释：
Solution-
Incorrect because in contrast to stock dividends and stock splits, share repurchases are an alternative to cash dividend payments.
-
Incorrect because in contrast to stock dividends and stock splits, share repurchases are an alternative to cash dividend payments.
-
Correct because a share repurchase is viewed as equivalent to the payment of cash dividends of equal value in terms of the effect on shareholders’ wealth, all other things being equal.
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Share repurchase公司买走你手里的股票，是，你拿到了cash,但是你股票没有了啊，怎么能叫equivalent? 还有解释一下B
