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14. Bird - In - the - Hand ARGUMENT THE DIFF- In- THE- Hand argument, WHICH STATES THAT a dividend today is safer than the
14. Bird - In - the - Hand ARGUMENT THE DIFF- In- THE- Hand argument, WHICH STATES THAT a dividend today is safer than the uncertain prospect of a capital gain tomorrow , 15 often Used to justify high dividend payout ratios . Explain the fallacy behind this argument
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
11th edition
978-0077861759
