How does the companys payout policy affect shareholder wealth? This involves answers to two questions. First, how
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• How does the company’s payout policy affect shareholder wealth? This involves answers to two questions. First, how much cash should the corporation pay out to its shareholders?
Second, should the cash be distributed by paying cash dividends or by repurchasing shares? (Chapter 15)
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Related Book For 
Principles Of Corporate Finance
ISBN: 9781264080946
14th Edition
Authors: Richard Brealey, Stewart Myers, Franklin Allen, Alex Edmans
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