That means that the price of each share should decline by the amount they paid out divided by the number of shares.

这就意味着每股价格会降低,降低值为,总开支除以总股数

耶鲁公开课 - 金融市场课程节选

The debt irrelevance theory says that it matters for the price of a share what a company issues-- how much debt it takes on-- but it doesn't matter for the value of the company.

负债不相关理论说明它和,公司发行股票的每股价格,和总负债有关,但和公司的价值无关

耶鲁公开课 - 金融市场课程节选

So total quantity demand is 1 -P where P is the lower of the two prices.

总需求量是1-P,而P是两个公司的价格中较低那个

耶鲁公开课 - 博弈论课程节选