home *** CD-ROM | disk | FTP | other *** search
| Unknown | 2001-12-19 | 127.0 KB |
open in: 
MacOS 8.1
|
Win98
|
DOS
view JSON data
|
view as text
This file was not able to be converted.
This format is not currently supported by dexvert.
| Confidence | Program | Detection | Match Type | Support
|
|---|
| 100%
| file
| data
| default
| |
| 100%
| TrID
| PrintFox/Pagefox bitmap (320x200)
| default (weak)
| |
| 100%
| gt2
| Kopftext: 'BRGEXM0500v0002ROSS Chapter 18'
| default (weak)
|
|
hex view+--------+-------------------------+-------------------------+--------+--------+
|00000000| 42 52 47 45 58 4d 30 35 | 30 30 76 30 30 30 32 52 |BRGEXM05|00v0002R|
|00000010| 4f 53 53 20 20 20 20 43 | 68 61 70 74 65 72 20 31 |OSS C|hapter 1|
|00000020| 38 3a 20 44 69 76 69 64 | 65 6e 64 73 20 61 6e 64 |8: Divid|ends and|
|00000030| 20 44 69 76 69 64 65 6e | 64 2e 2e 2e 20 20 20 00 | Dividen|d... .|
|00000040| 00 00 00 67 00 00 00 00 | 00 00 00 67 00 cc 3a 00 |...g....|...g..:.|
|00000050| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 be 00 00 |........|........|
|00000060| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000070| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000080| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000090| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|000000a0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|000000b0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 18 14 00 |........|........|
|000000c0| 00 31 01 00 49 6e 20 74 | 68 65 20 72 65 61 6c 20 |.1..In t|he real |
|000000d0| 77 6f 72 6c 64 2c 20 73 | 68 61 72 65 20 72 65 70 |world, s|hare rep|
|000000e0| 75 72 63 68 61 73 65 73 | 2e 2e 2e 20 01 00 6a 00 |urchases|... ..j.|
|000000f0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000100| 00 00 00 00 00 00 00 00 | 01 00 00 00 00 00 00 00 |........|........|
|00000110| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000120| 00 00 00 00 31 02 00 41 | 63 63 6f 72 64 69 6e 67 |....1..A|ccording|
|00000130| 20 74 6f 20 46 69 73 63 | 68 65 72 20 42 6c 61 63 | to Fisc|her Blac|
|00000140| 6b 2c 20 66 69 72 6d 73 | 20 70 61 79 2e 2e 2e 01 |k, firms| pay....|
|00000150| 00 6a 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |.j......|........|
|00000160| 00 00 00 00 00 00 00 00 | 00 00 00 01 00 00 00 00 |........|........|
|00000170| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000180| 00 00 00 00 00 00 00 31 | 03 00 41 20 66 69 72 6d |.......1|..A firm|
|00000190| 20 74 68 61 74 20 66 6f | 6c 6c 6f 77 73 20 61 20 | that fo|llows a |
|000001a0| 73 74 72 69 63 74 20 72 | 65 73 69 64 75 61 6c 2e |strict r|esidual.|
|000001b0| 2e 2e 01 00 6a 00 00 00 | 00 00 00 00 00 00 00 00 |....j...|........|
|000001c0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 01 00 |........|........|
|000001d0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|000001e0| 00 00 00 00 00 00 00 00 | 00 00 31 04 00 49 66 20 |........|..1..If |
|000001f0| 74 68 65 20 63 6c 69 65 | 6e 74 65 6c 65 20 65 66 |the clie|ntele ef|
|00000200| 66 65 63 74 20 68 6f 6c | 64 73 2c 20 74 68 65 6e |fect hol|ds, then|
|00000210| 2e 2e 2e 20 20 01 00 6a | 00 00 00 00 00 00 00 00 |... ..j|........|
|00000220| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000230| 00 01 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000240| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 31 05 00 |........|.....1..|
|00000250| 49 66 20 73 74 6f 63 6b | 20 69 73 73 75 61 6e 63 |If stock| issuanc|
|00000260| 65 20 63 6f 73 74 73 20 | 61 72 65 20 68 69 67 68 |e costs |are high|
|00000270| 2c 2e 2e 2e 20 20 20 20 | 01 00 6a 00 00 00 00 00 |,... |..j.....|
|00000280| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000290| 00 00 00 00 01 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|000002a0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|000002b0| 31 06 00 53 75 70 70 6f | 73 65 20 74 68 65 20 70 |1..Suppo|se the p|
|000002c0| 65 72 73 6f 6e 61 6c 20 | 74 61 78 20 72 61 74 65 |ersonal |tax rate|
|000002d0| 20 6f 6e 2e 2e 2e 20 20 | 20 20 20 01 00 6a 00 00 | on... | ..j..|
|000002e0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|000002f0| 00 00 00 00 00 00 00 01 | 00 00 00 00 00 00 00 00 |........|........|
|00000300| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000310| 00 00 00 31 07 00 44 69 | 76 69 64 65 6e 64 20 70 |...1..Di|vidend p|
|00000320| 6f 6c 69 63 79 20 69 73 | 20 74 68 65 20 74 69 6d |olicy is| the tim|
|00000330| 65 20 70 61 74 74 65 72 | 6e 2e 2e 2e 20 20 01 00 |e patter|n... ..|
|00000340| 6a 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |j.......|........|
|00000350| 00 00 00 00 00 00 00 00 | 00 00 01 00 00 00 00 00 |........|........|
|00000360| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000370| 00 00 00 00 00 00 31 08 | 00 4f 6e 63 65 20 69 74 |......1.|.Once it|
|00000380| 20 69 73 20 64 65 63 6c | 61 72 65 64 2c 20 61 20 | is decl|ared, a |
|00000390| 63 6f 6d 6d 6f 6e 20 73 | 74 6f 63 6b 2e 2e 2e 20 |common s|tock... |
|000003a0| 20 01 00 6a 00 00 00 00 | 00 00 00 00 00 00 00 00 | ..j....|........|
|000003b0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 01 00 00 |........|........|
|000003c0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|000003d0| 00 00 00 00 00 00 00 00 | 00 31 09 00 49 6e 20 61 |........|.1..In a|
|000003e0| 20 77 6f 72 6c 64 20 77 | 69 74 68 20 6e 6f 20 74 | world w|ith no t|
|000003f0| 61 78 65 73 20 6f 72 2e | 2e 2e 20 20 20 20 20 20 |axes or.|.. |
|00000400| 20 20 20 20 01 00 6a 00 | 00 00 00 00 00 00 00 00 | ..j.|........|
|00000410| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000420| 01 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000430| 00 00 00 00 00 00 00 00 | 00 00 00 00 31 0a 00 54 |........|....1..T|
|00000440| 68 65 20 69 6e 66 6f 72 | 6d 61 74 69 6f 6e 20 63 |he infor|mation c|
|00000450| 6f 6e 74 65 6e 74 20 65 | 66 66 65 63 74 20 69 73 |ontent e|ffect is|
|00000460| 20 74 68 65 2e 2e 2e 01 | 00 6a 00 00 00 00 00 00 | the....|.j......|
|00000470| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000480| 00 00 00 01 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000490| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 31 |........|.......1|
|000004a0| 0b 00 53 75 70 70 6f 73 | 65 20 61 20 66 69 72 6d |..Suppos|e a firm|
|000004b0| 20 77 69 73 68 65 73 20 | 74 6f 20 70 61 79 20 63 | wishes |to pay c|
|000004c0| 61 73 68 20 74 6f 2e 2e | 2e 20 01 00 6a 00 00 00 |ash to..|. ..j...|
|000004d0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|000004e0| 00 00 00 00 00 00 01 00 | 00 00 00 00 00 00 00 00 |........|........|
|000004f0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000500| 00 00 31 0c 00 41 20 73 | 74 6f 63 6b 20 73 70 6c |..1..A s|tock spl|
|00000510| 69 74 20 69 73 20 65 73 | 73 65 6e 74 69 61 6c 6c |it is es|sentiall|
|00000520| 79 20 74 68 65 20 73 61 | 6d 65 2e 2e 2e 01 00 6a |y the sa|me.....j|
|00000530| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000540| 00 00 00 00 00 00 00 00 | 00 01 00 00 00 00 00 00 |........|........|
|00000550| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000560| 00 00 00 00 00 31 0d 00 | 54 68 65 72 65 20 61 72 |.....1..|There ar|
|00000570| 65 20 6e 6f 20 67 72 6f | 75 70 73 20 6f 66 20 69 |e no gro|ups of i|
|00000580| 6e 76 65 73 74 6f 72 73 | 20 77 68 6f 2e 2e 2e 20 |nvestors| who... |
|00000590| 01 00 6a 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |..j.....|........|
|000005a0| 00 00 00 00 00 00 00 00 | 00 00 00 00 01 00 00 00 |........|........|
|000005b0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|000005c0| 00 00 00 00 00 00 00 00 | 31 0e 00 41 20 72 65 76 |........|1..A rev|
|000005d0| 65 72 73 65 20 73 70 6c | 69 74 20 69 73 20 61 20 |erse spl|it is a |
|000005e0| 73 74 6f 63 6b 20 73 70 | 6c 69 74 20 69 6e 2e 2e |stock sp|lit in..|
|000005f0| 2e 20 20 01 00 6a 00 00 | 00 00 00 00 00 00 00 00 |. ..j..|........|
|00000600| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 01 |........|........|
|00000610| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000620| 00 00 00 00 00 00 00 00 | 00 00 00 31 0f 00 44 69 |........|...1..Di|
|00000630| 76 69 64 65 6e 64 20 73 | 74 61 62 69 6c 69 74 79 |vidend s|tability|
|00000640| 20 69 73 20 75 73 75 61 | 6c 6c 79 20 76 69 65 77 | is usua|lly view|
|00000650| 65 64 2e 2e 2e 20 01 00 | 6a 00 00 00 00 00 00 00 |ed... ..|j.......|
|00000660| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000670| 00 00 01 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000680| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 31 10 |........|......1.|
|00000690| 00 44 69 76 69 64 65 6e | 64 73 20 61 72 65 20 75 |.Dividen|ds are u|
|000006a0| 6e 69 6d 70 6f 72 74 61 | 6e 74 20 62 65 63 61 75 |nimporta|nt becau|
|000006b0| 73 65 20 74 68 65 2e 2e | 2e 01 00 6a 00 00 00 00 |se the..|...j....|
|000006c0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|000006d0| 00 00 00 00 00 01 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|000006e0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|000006f0| 00 31 11 00 4f 6e 65 20 | 61 72 67 75 6d 65 6e 74 |.1..One |argument|
|00000700| 20 69 6e 20 66 61 76 6f | 72 20 6f 66 20 73 74 6f | in favo|r of sto|
|00000710| 63 6b 20 73 70 6c 69 74 | 73 2e 2e 2e 01 00 6a 00 |ck split|s.....j.|
|00000720| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000730| 00 00 00 00 00 00 00 00 | 01 00 00 00 00 00 00 00 |........|........|
|00000740| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000750| 00 00 00 00 31 12 00 49 | 6e 20 61 20 77 6f 72 6c |....1..I|n a worl|
|00000760| 64 20 77 69 74 68 20 6e | 6f 20 74 61 78 65 73 20 |d with n|o taxes |
|00000770| 6f 72 2e 2e 2e 20 20 20 | 20 20 20 20 20 20 20 01 |or... | .|
|00000780| 00 6a 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |.j......|........|
|00000790| 00 00 00 00 00 00 00 00 | 00 00 00 01 00 00 00 00 |........|........|
|000007a0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|000007b0| 00 00 00 00 00 00 00 31 | 13 00 49 6e 20 74 68 65 |.......1|..In the|
|000007c0| 20 63 68 72 6f 6e 6f 6c | 6f 67 79 20 6f 66 20 61 | chronol|ogy of a|
|000007d0| 20 64 69 76 69 64 65 6e | 64 2e 2e 2e 20 20 20 20 | dividen|d... |
|000007e0| 20 20 01 00 6a 00 00 00 | 00 00 00 00 00 00 00 00 | ..j...|........|
|000007f0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 01 00 |........|........|
|00000800| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000810| 00 00 00 00 00 00 00 00 | 00 00 31 14 00 54 68 65 |........|..1..The|
|00000820| 20 62 61 73 69 63 20 74 | 79 70 65 73 20 6f 66 20 | basic t|ypes of |
|00000830| 63 61 73 68 20 64 69 76 | 69 64 65 6e 64 73 2e 2e |cash div|idends..|
|00000840| 2e 20 20 20 20 01 00 6a | 00 00 00 00 00 00 00 00 |. ..j|........|
|00000850| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000860| 00 01 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000870| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 31 15 00 |........|.....1..|
|00000880| 41 20 63 6f 6d 6d 6f 6e | 2d 73 74 6f 63 6b 20 64 |A common|-stock d|
|00000890| 69 76 69 64 65 6e 64 20 | 74 68 61 74 20 72 65 73 |ividend |that res|
|000008a0| 75 6c 74 73 2e 2e 2e 20 | 01 00 6a 00 00 00 00 00 |ults... |..j.....|
|000008b0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|000008c0| 00 00 00 00 01 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|000008d0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|000008e0| 31 16 00 41 20 64 69 76 | 69 64 65 6e 64 20 74 68 |1..A div|idend th|
|000008f0| 61 74 20 69 73 20 61 20 | 74 72 75 6c 79 20 75 6e |at is a |truly un|
|00000900| 75 73 75 61 6c 20 6f 72 | 2e 2e 2e 01 00 6a 00 00 |usual or|.....j..|
|00000910| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000920| 00 00 00 00 00 00 00 01 | 00 00 00 00 00 00 00 00 |........|........|
|00000930| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000940| 00 00 00 31 17 00 4f 66 | 20 74 68 65 20 66 6f 6c |...1..Of| the fol|
|00000950| 6c 6f 77 69 6e 67 2c 20 | 6f 6e 6c 79 20 5f 5f 5f |lowing, |only ___|
|00000960| 5f 5f 5f 5f 5f 5f 5f 5f | 5f 5f 2e 2e 2e 20 01 00 |________|__... ..|
|00000970| 6a 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |j.......|........|
|00000980| 00 00 00 00 00 00 00 00 | 00 00 01 00 00 00 00 00 |........|........|
|00000990| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|000009a0| 00 00 00 00 00 00 31 18 | 00 41 6c 6c 20 65 6c 73 |......1.|.All els|
|000009b0| 65 20 65 71 75 61 6c 2c | 20 77 68 69 63 68 20 6f |e equal,| which o|
|000009c0| 66 20 74 68 65 2e 2e 2e | 20 20 20 20 20 20 20 20 |f the...| |
|000009d0| 20 01 00 6a 00 00 00 00 | 00 00 00 00 00 00 00 00 | ..j....|........|
|000009e0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 01 00 00 |........|........|
|000009f0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000a00| 00 00 00 00 00 00 00 00 | 00 31 19 00 41 6c 6c 20 |........|.1..All |
|00000a10| 65 6c 73 65 20 65 71 75 | 61 6c 2c 20 77 68 69 63 |else equ|al, whic|
|00000a20| 68 20 6f 66 20 74 68 65 | 2e 2e 2e 20 20 20 20 20 |h of the|... |
|00000a30| 20 20 20 20 01 00 6a 00 | 00 00 00 00 00 00 00 00 | ..j.|........|
|00000a40| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000a50| 01 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000a60| 00 00 00 00 00 00 00 00 | 00 00 00 00 31 1a 00 41 |........|....1..A|
|00000a70| 20 6d 61 69 6e 20 67 6f | 61 6c 20 6f 66 20 61 20 | main go|al of a |
|00000a80| 63 6f 6d 70 72 6f 6d 69 | 73 65 20 64 69 76 69 64 |compromi|se divid|
|00000a90| 65 6e 64 2e 2e 2e 20 01 | 00 6a 00 00 00 00 00 00 |end... .|.j......|
|00000aa0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000ab0| 00 00 00 01 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000ac0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 31 |........|.......1|
|00000ad0| 1b 00 4f 66 20 74 68 65 | 20 66 6f 6c 6c 6f 77 69 |..Of the| followi|
|00000ae0| 6e 67 2c 20 5f 5f 5f 5f | 5f 5f 5f 5f 20 77 6f 75 |ng, ____|____ wou|
|00000af0| 6c 64 20 6c 65 61 64 2e | 2e 2e 01 00 6a 00 00 00 |ld lead.|....j...|
|00000b00| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000b10| 00 00 00 00 00 00 01 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000b20| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000b30| 00 00 31 1c 00 57 68 69 | 63 68 20 6f 66 20 74 68 |..1..Whi|ch of th|
|00000b40| 65 20 66 6f 6c 6c 6f 77 | 69 6e 67 20 69 73 20 6c |e follow|ing is l|
|00000b50| 69 73 74 65 64 20 69 6e | 2e 2e 2e 20 20 01 00 6a |isted in|... ..j|
|00000b60| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000b70| 00 00 00 00 00 00 00 00 | 00 01 00 00 00 00 00 00 |........|........|
|00000b80| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000b90| 00 00 00 00 00 31 1d 00 | 53 74 6f 63 6b 20 73 70 |.....1..|Stock sp|
|00000ba0| 6c 69 74 73 2c 20 73 74 | 6f 63 6b 20 64 69 76 69 |lits, st|ock divi|
|00000bb0| 64 65 6e 64 73 2c 20 61 | 6e 64 2e 2e 2e 20 20 20 |dends, a|nd... |
|00000bc0| 01 00 6a 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |..j.....|........|
|00000bd0| 00 00 00 00 00 00 00 00 | 00 00 00 00 01 00 00 00 |........|........|
|00000be0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000bf0| 00 00 00 00 00 00 00 00 | 31 1e 00 41 20 66 69 72 |........|1..A fir|
|00000c00| 6d 20 63 61 6e 20 6d 61 | 6b 65 20 69 74 20 65 61 |m can ma|ke it ea|
|00000c10| 73 69 65 72 20 66 6f 72 | 20 61 6e 2e 2e 2e 20 20 |sier for| an... |
|00000c20| 20 20 20 01 00 6a 00 00 | 00 00 00 00 00 00 00 00 | ..j..|........|
|00000c30| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 01 |........|........|
|00000c40| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000c50| 00 00 00 00 00 00 00 00 | 00 00 00 31 1f 00 49 66 |........|...1..If|
|00000c60| 20 74 68 65 20 6d 61 72 | 67 69 6e 61 6c 20 74 61 | the mar|ginal ta|
|00000c70| 78 20 72 61 74 65 20 6f | 6e 20 63 61 70 69 74 61 |x rate o|n capita|
|00000c80| 6c 2e 2e 2e 20 20 01 00 | 6a 00 00 00 00 00 00 00 |l... ..|j.......|
|00000c90| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000ca0| 00 00 01 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000cb0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 31 20 |........|......1 |
|00000cc0| 00 41 6c 6c 20 65 6c 73 | 65 20 65 71 75 61 6c 2c |.All els|e equal,|
|00000cd0| 20 61 6e 20 69 6e 76 65 | 73 74 6f 72 20 69 73 20 | an inve|stor is |
|00000ce0| 6c 69 6b 65 6c 79 2e 2e | 2e 01 00 6a 00 00 00 00 |likely..|...j....|
|00000cf0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000d00| 00 00 00 00 00 01 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000d10| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000d20| 00 31 21 00 54 77 6f 20 | 73 74 6f 63 6b 73 20 61 |.1!.Two |stocks a|
|00000d30| 72 65 20 61 76 61 69 6c | 61 62 6c 65 20 66 6f 72 |re avail|able for|
|00000d40| 2e 2e 2e 20 20 20 20 20 | 20 20 20 20 01 00 6a 00 |... | ..j.|
|00000d50| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000d60| 00 00 00 00 00 00 00 00 | 01 00 00 00 00 00 00 00 |........|........|
|00000d70| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000d80| 00 00 00 00 31 22 00 49 | 66 20 64 69 76 69 64 65 |....1".I|f divide|
|00000d90| 6e 64 20 63 6c 69 65 6e | 74 65 6c 65 73 20 65 78 |nd clien|teles ex|
|00000da0| 69 73 74 20 74 68 65 6e | 2e 2e 2e 20 20 20 20 01 |ist then|... .|
|00000db0| 00 6a 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |.j......|........|
|00000dc0| 00 00 00 00 00 00 00 00 | 00 00 00 01 00 00 00 00 |........|........|
|00000dd0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000de0| 00 00 00 00 00 00 00 31 | 23 00 41 20 66 69 72 6d |.......1|#.A firm|
|00000df0| 20 75 6e 65 78 70 65 63 | 74 65 64 6c 79 20 64 65 | unexpec|tedly de|
|00000e00| 63 72 65 61 73 65 73 20 | 69 74 73 2e 2e 2e 20 20 |creases |its... |
|00000e10| 20 20 01 00 6a 00 00 00 | 00 00 00 00 00 00 00 00 | ..j...|........|
|00000e20| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 01 00 |........|........|
|00000e30| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000e40| 00 00 00 00 00 00 00 00 | 00 00 31 24 00 57 68 69 |........|..1$.Whi|
|00000e50| 63 68 20 6f 66 20 74 68 | 65 20 66 6f 6c 6c 6f 77 |ch of th|e follow|
|00000e60| 69 6e 67 20 69 73 20 4e | 4f 54 20 61 6e 2e 2e 2e |ing is N|OT an...|
|00000e70| 20 20 20 20 20 01 00 6a | 00 00 00 00 00 00 00 00 | ..j|........|
|00000e80| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000e90| 00 01 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000ea0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 31 25 00 |........|.....1%.|
|00000eb0| 54 68 65 20 72 65 73 69 | 64 75 61 6c 20 64 69 76 |The resi|dual div|
|00000ec0| 69 64 65 6e 64 20 61 70 | 70 72 6f 61 63 68 20 69 |idend ap|proach i|
|00000ed0| 73 2e 2e 2e 20 20 20 20 | 01 00 6a 00 00 00 00 00 |s... |..j.....|
|00000ee0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000ef0| 00 00 00 00 01 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000f00| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000f10| 31 26 00 41 20 66 69 72 | 6d 20 74 68 61 74 20 66 |1&.A fir|m that f|
|00000f20| 6f 6c 6c 6f 77 73 20 61 | 20 63 79 63 6c 69 63 61 |ollows a| cyclica|
|00000f30| 6c 2e 2e 2e 20 20 20 20 | 20 20 20 01 00 6a 00 00 |l... | ..j..|
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|000040c0| 21 20 7d 00 00 00 00 00 | 00 00 00 01 00 00 00 00 |! }.....|........|
|000040d0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
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|00004110| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
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|00004130| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
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|00004910| 20 59 6f 75 20 61 72 65 | 20 63 6f 72 72 65 63 74 | You are| correct|
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|000049f0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
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|00004b90| 20 7d 00 00 00 00 00 00 | 00 00 01 00 00 00 00 00 | }......|........|
|00004ba0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
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|00004be0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00004bf0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
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|00004c20| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
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+--------+-------------------------+-------------------------+--------+--------+
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