a. How does the market react to unexpected dividend changes? What does this tell us about dividends?
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a. How does the market react to unexpected dividend changes? What does this tell us about dividends? About dividend policy?
b. What is a dividend clientele? All things considered, would you expect a risky firm with significant but highly uncertain growth prospects to have a low or high dividend payout?
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a The markets reaction to unexpected dividend changes can vary depending on several factors In general unexpected increases in dividends are often viewed positively by investors leading to an increase ...View the full answer
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Related Book For 
Fundamentals of corporate finance
ISBN: 978-0073382395
9th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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