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78. The date on which actual dividend checks are mailed to shareholders is the:
79. An investor who owns stock on the company's __________ date will receive the dividends
declared.
80. Which one of the following is the order in which key dividend dates occur?
81. A corporation that has an automatic reinvestment plan:
82. The primary purpose of laws prohibiting a firm from paying dividends that include its legal
capital is to:
83. You currently own 80 shares of XYZ stock that is selling for $40 a share. If the firm grants
you an additional 4 shares, then the firm has declared a:
84. Both a stock split and a stock dividend will result in an increase in:
85. In a three-for-two stock split for a company that previously had 1 million shares
outstanding selling at $100 per share and a total market value of $100 million, which of the
following is true?
86. Which one of the following statements regarding stock dividends and stock splits is true?
87. Stock repurchases:
88. Research has shown all of the following to be true of the way corporations determine
dividends
except
:
89. When the firm has a high retention ratio, the dividend is a by-product of what kind of
decision?
90. Given a set investment policy and capital structure, then payout policy is a trade-off
between ___________ and ___________.
91. An assumption of the MM dividend irrelevance proposition is that:
92. With respect to the proposition that dividend policy does not matter, in order to raise an
additional $5,600 in cash by issuing stock, the stock sold must be worth:
93. The Beta Corporation has 1,000 shares outstanding and a market value of $90,000. What
will be the market value per share after the firm distributes a $5 per share dividend? Ignore taxes
and market imperfections.
94. A two-for-one stock split will result in:
95. High dividends may be used as __________ of a firm's __________.
96. Which party receives the greatest tax benefit for preferring dividends over capital gains?
97. Which one of the following statements is correct about investors in Ajax Industries, which
has just announced a three-for-one stock split?
98. In MM's analysis, which one of these is a residual?
99. A "yes" answer to which one of these questions is least apt to indicate that a firm should
make a payout to shareholders?
100. Which one of these firms would you most expect to have the highest payout percentage?
101. Under which conditions are shareholders most apt to be concerned about agency
conflicts?
102. Recap the financial executives' responses to a 2004 survey regarding their firms' dividend
policies.
103. What are the four main ways to implement stock repurchase?
