Corporate Finance (4th Edition) (Pearson Series in Finance) - Standalone book
Corporate Finance (4th Edition) (Pearson Series in Finance) - Standalone book
4th Edition
ISBN: 9780134083278
Author: Jonathan Berk, Peter DeMarzo
Publisher: PEARSON
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Chapter 17.3, Problem 1CC
Summary Introduction

To discuss: The optimal dividend policy when the rate of tax of the dividend exceeds the rate of tax of capital gains.

Introduction:

The shareholders of the company must pay a dividend tax when they receive the dividends and they have to pay capital gain taxes when they sell their shares.

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Corporate Finance (4th Edition) (Pearson Series in Finance) - Standalone book

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Dividend disocunt model (DDM); Author: Edspira;https://www.youtube.com/watch?v=TlH3_iOHX3s;License: Standard YouTube License, CC-BY