Investors may prefer companies that repurchase their shares instead of paying a cash dividend when: A. capital

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Investors may prefer companies that repurchase their shares instead of paying a cash dividend when:

A. capital gains are taxed at lower rates than dividends.

B. capital gains are taxed at the same rate as dividends.

C. the company needs more equity to finance capital expenditures.

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Corporate Finance A Practical Approach

ISBN: 9781118217290

2nd Edition

Authors: Michelle R Clayman, Martin S Fridson, George H Troughton, Matthew Scanlan

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