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(A) The payment of dividends is said to have a role in reducing agency costs. Outline the ways the payment of dividends can limit the

(A) The payment of dividends is said to have a role in reducing agency costs. Outline the ways the payment of dividends can limit the extent of agency costs. (5 Marks)

  • (B) For Australian resident investors, a dollar of franked dividends is worth more than a dollar of unfranked dividends. Do you agree? Critically evaluate this statement. (5 Marks)

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