Patriot Games has 5 million shares outstanding. The president has proposed that, given the firms large cash
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Patriot Games has 5 million shares outstanding. The president has proposed that, given the firm’s large cash holdings, the annual dividend should be increased from $6.00 a share to
$8.00. If you agree with the president’s plans for investment and capital structure, what else must the company do as a consequence of the dividend increase?
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