Quiz 1: Fin 819-02

As indicated in Panel A of Table 8, we find that for up markets, dividend-paying and non-dividend-paying firms have the same average monthly return (3.72%), but in down markets, dividend-paying firms (-3.03%) still significantly outperform non-dividend-paying firms (-2.36%), even when the dividend return is excluded from the dividend paying ... ................
................

In order to avoid copyright disputes, this page is only a partial summary.