20. Signaling. It is well documented that stock prices tend to rise when firms announce an increase...
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20. Signaling. It is well documented that stock prices tend to rise when firms announce an increase in their dividend payouts. How then can it be said that dividend policy is irrelevant? (LO3)
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Fundamentals Of Corporate Finance
ISBN: 9780073382302
6th Edition
Authors: Richard A Brealey, Stewart C Myers, Alan J Marcus
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