- CFA Exams
- CFA Exam: Level II 2021
- Study Session 7. Corporate Finance (1)
- Reading 21. Analysis of Dividends and Share Repurchases
- Subject 1. Dividend policy and company value: theory
CFA Practice Question
When two parties possess different amounts of information about the same subject, the situation is known as " ______ information".
B. asymmetric
C. diverse
A. incongruent
B. asymmetric
C. diverse
Correct Answer: B
Asymmetric information is when two parties have different amounts of information about the same subject.
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