If both long-term capital gains tax rates and dividend tax


If both long-term capital gains tax rates and dividend tax rates are 23.8% for an investor, that investor will most likely:

a. Prefer that his stocks pay dividends

b. Prefer that his stocks conduct share repurchase programs

c. Be indifferent as to whether he receives dividends or has his shares bought back by the issuing firm

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Financial Management: If both long-term capital gains tax rates and dividend tax
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