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,总感觉proposal4说的怪,上课的时候说residual的最大的特点是不稳定,有的年头多有的年头可能没有,未来有什么样子的资产购置完全没法预测啊,怎么能说是future earnings一定会高啊。。。对企业而言感觉是更灵活,毕竟分红不是年年都要发,但是这道题说基于residual的方式的regular dividend,这不是有点自相矛盾吗?难道题目是通过这种方式来混淆吗?这样子就又考了residual dividend的考点也考了regular的分红特点?so confused