If investors have the same information (symmetric information) as the managers and executives of a firm, which of the dividend policies mentioned in the chapter should the firm follow to maximize value Explain your answer ...

If outside investors have the same information as the executives who run the compan ...

If investors have the same information (symmetric information) as the managers and executives of a firm, which

Question:

If investors have the same information (symmetric information) as the managers
and executives of a firm, which of the policies mentioned in the chapter
should the firm follow to maximize value? Explain your answer.
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...