A company that has not been paying dividends announces that it will pay one. How would you

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A company that has not been paying dividends announces that it will pay one. How would you interpret this news according to

(a) equilibrium market theory,

(b) agency theory and

(c) signalling theory?

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Corporate Finance Theory And Practice

ISBN: 9780470721926

2nd Edition

Authors: Pierre Vernimmen, Pascal Quiry

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