corporate finance - berk demarzo- test bank chapter 17

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1、CorporateFinance,3e(Berk/DeMarzo)Chapter17PayoutPolicy17.1DistributionstoShareholders1)Thedateonwhichtheboardauthorizesthedividendisthe:A)declarationdate.B)distributiondate.C)recorddate.D)ex-dividenddate.Answer:ADiff:1Section:17.1DistributionstoShareholdersSkill:Definition2)Thefirmwillpayth

2、edividendtoallshareholderswhoareregisteredownersonaspecificdate,setbytheboard,calledthe:A)declarationdate.B)recorddate.C)distributiondate.D)ex-dividenddate.Answer:BDiff:1Section:17.1DistributionstoShareholdersSkill:Definition3)Anyonewhopurchasesthestockonorafterthe________datewillnotreceive

3、thedividend.A)distributionB)recordC)ex-dividendD)declarationAnswer:CDiff:1Section:17.1DistributionstoShareholdersSkill:Definition4)Thefirmmailsdividendcheckstotheregisteredshareholdersonthe:A)ex-dividenddate.B)declarationdate.C)distributiondate.D)recorddate.Answer:CDiff:1Section:17.1Distrib

4、utionstoShareholdersSkill:Definition40Copyright©2014PearsonEducation,Inc.5)WhichofthefollowingstatementsisFALSE?A)Fromanaccountingperspective,dividendsgenerallyreducethefirm’scurrent(oraccumulated)retainedearnings.B)Thewayafirmchoosesbetweenpayingdividendsandretainingearningsisreferredtoasi

5、tspayoutpolicy.C)Mostcompaniesthatpaydividendspaythemsemiannually.D)Occasionally,afirmmaypayaone-time,specialdividendthatisusuallymuchlargerthanaregulardividend.Answer:CDiff:2Section:17.1DistributionstoShareholdersSkill:Conceptual6)Afirmcanrepurchasesharesthrougha(n)________inwhichitofferst

6、obuysharesataprespecifiedpriceduringashorttimeperiod—generallywithin20days.A)tenderofferB)openmarketsharerepurchasesC)targetedrepurchaseD)DutchauctionsharerepurchaseAnswer:ADiff:2Section:17.1DistributionstoShareholdersSkill:Definition7)Anothertomethodtorepurchasesharesisthe________,inwhicht

7、hefirmlistsdifferentpricesatwhichitispreparedtobuyshares,andshareholdersinturnindicatehowmanysharestheyarewillingtosellateachprice.A)tenderofferB)DutchauctionsharerepurchaseC)targetedrepurchaseD)openmarketsharerepurchasesAnswer:BDiff:2Section:17.1Distrib