and therefore that and therefore that In this equation, the benefits of imputation credits are now transferred to the cost of equity and this formulation of the cost of equity corresponds to equation (11). REFERENCES ACT, 2010, (). Application by Energex Limited (No 2) [2010] ACompT 7 ACT, 2011, (). Application by Energex Limited (Gamma) (No 5) [2011] ACompT 9 AER, 2009, Final Decision: Electricity Transmission and Distribution Network Service (). Providers: Review of the WACC Parameters ____ 2013, (). Better Regulation: Explanatory Statement Draft Rate of Return Guideline Al-Yahyaee, K., Pham, T., and Walter, T., 2008, Day Behaviour in the ‘Ex-Dividend Absence of Taxes and vol. 8, pp. Price Discreteness’, International Review of Finance, Australian Bureau of Statistics, 2007, (). Feature Article: Foreign Ownership of Equity Beggs, D., and Skeels, of Cash Dividends and C., 2006, ‘Market Arbitrage Franking Credits’, vol 82, pp. 239-252. Australian Economic Papers, Bell, L., and Jenkinson, T., Evidence on the Impact of Dividend Taxation and on 2002, ‘New the Identity of the vol. 57, pp. 1321-1346. The Journal of Finance, Marginal Investor’, Berk, J., and DeMarzo, P., 2007, Pearson Addison Wesley, Boston. Corporate Finance, Black, S., and Kirkwood, J., 2010, of Australian Equities and Corporate ‘Ownership Bonds’, (). RBA Bulletin - September Brown, P., and Walter, T., 1986, Day Behaviour of Australian ‘Ex-Dividend Share Prices’, vol. 11, pp. 139-152. Australian Journal of Management,
and therefore that and therefore that In this equation, the benefits of imputation credits are now transferred to the cost of equity and this formulation of the cost of equity corresponds to equation (11). REFERENCES ACT, 2010, Application by Energex Limited (No 2) [2010] ACompT 7 (). ACT, 2011, Application by Energex Limited (Gamma) (No 5) [2011] ACompT 9 (). AER, 2009, Final Decision: Electricity Transmission and Distribution Network Service Providers: Review of the WACC Parameters (). ____ 2013, Better Regulation: Explanatory Statement Draft Rate of Return Guideline (). Al-Yahyaee, K., Pham, T., and Walter, T., 2008, ‘Ex-Dividend Day Behaviour in the Absence of Taxes and Price Discreteness’, International Review of Finance, vol. 8, pp. Australian Bureau of Statistics, 2007, Feature Article: Foreign Ownership of Equity (). Beggs, D., and Skeels, C., 2006, ‘Market Arbitrage of Cash Dividends and Franking Credits’, Australian Economic Papers, vol 82, pp. 239-252. Bell, L., and Jenkinson, T., 2002, ‘New Evidence on the Impact of Dividend Taxation and on the Identity of the Marginal Investor’, The Journal of Finance, vol. 57, pp. 1321-1346. Berk, J., and DeMarzo, P., 2007, Corporate Finance, Pearson Addison Wesley, Boston. Black, S., and Kirkwood, J., 2010, ‘Ownership of Australian Equities and Corporate Bonds’, RBA Bulletin - September (). Brown, P., and Walter, T., 1986, ‘Ex-Dividend Day Behaviour of Australian Share Prices’, Australian Journal of Management, vol. 11, pp. 139-152.