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Basic Question 1 of 7
German shareholders in low tax brackets would prefer a ______ dividend payout.
B. lower
C. they don't care as their effective tax rate would be the same as those in higher tax brackets.
A. higher
B. lower
C. they don't care as their effective tax rate would be the same as those in higher tax brackets.
User Contributed Comments 1
| User | Comment |
|---|---|
| assistent | it used to be like this, but has changed! tax is 25% + 5,5% = 26,38% |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
compare stable dividend with constant dividend payout ratio, and calculate the dividend under each policy;
describe broad trends in corporate payout policies;
CFA® 2026 Level II Curriculum, Volume 3, Module 16.