Question
A local financial consultant made this statement at a seminar you attended: The residual dividend approach is the best dividend policy to adopt if a
A local financial consultant made this statement at a seminar you attended: "The residual dividend approach is the best dividend policy to adopt if a firm's management wants to maximize the current value per share of the existing stock."
Do you agree or disagree with this statement? State and justify your conclusions.
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Foundations Of Financial Markets And Institutions
Authors: Frank J Fabozzi, Franco G Modigliani, Frank J Jones
4th Edition
0136135315, 978-0136135319
