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5 of 10 Problem 2 (15 marks) Provide a detailed proof of the Modigliani and Miller (M&M) Theory of dividend irrelevance. Then explain why, according

5 of 10 Problem 2 (15 marks) Provide a detailed proof of the Modigliani and Miller (M&M) Theory of dividend irrelevance. Then explain why, according to the agency theory, there are firms that do pay dividends

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