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蔡小工 · 2020年03月08日

问一道题:NO.PZ201810160100000106

* 问题详情,请 查看题干

问题如下:

The implementation of Proposal #4 would most likely signal to Ladan and other investors that future earnings growth can be expected to:

选项:

A.

decrease.

B.

remain unchanged.

C.

increase.

解释:

C is correct. Dividend initiations convey positive information and are associated with future earnings growth, whereas dividend omissions or reductions convey negative information and are associated with future earnings problems.

A is incorrect because dividend initiations convey positive information and are associated with an expected increase (not a decrease) in future earnings growth. Dividend omissions or reductions convey negative information and are associated with future earnings problems.

B is incorrect because dividend initiations convey positive information and are associated with an expectation that future earnings growth will increase (not remain unchanged). In contrast, dividend omissions or reductions convey negative information and are associated with future earnings problems.

老师,请问,这里regular发放,不是应该理解为公司可以以一定的速率增长吗?

如果是,那么是应该选择unchange呀。

还是说growrh不等于growth rate?

1 个答案

maggie_品职助教 · 2020年03月10日

嗨,从没放弃的小努力你好:


注意它问的是未来公司的利润增长是和当前的利润增长作对比是变高了?变低了?还是不变。未来要开始发股息说明该公司赚钱赚到一定规模了(因为小公司刚开始即便盈利也没钱分红,赚的钱全部用于再投资,只有钱越赚越多,特别是赚的钱扣除资本开支还有剩余的时候,那么就可以考虑分红了),此举说明未来盈利的增长肯定要比当前增速要快。因此选C.


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