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A company has many positive NPV projects to fund but pays all of its profits as dividends. How could it continue to create shareholder wealth
A company has many positive NPV projects to fund but pays all of its profits as dividends. How could it continue to create shareholder wealth in .46 ?Miller and Modigliani's perfect world By not paying dividends in future years .a O By forgoing the projects .bo By issuing shares, knowing that investors would willingly pay a fair price for them.co By issuing shares at low prices so that investors would pay for them.do
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