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answer and show work/explanation please! a. What is the optimal dividend policy with taxes when the dividend tax rate exceeds the capital gain tax rate?
answer and show work/explanation please!
a. What is the optimal dividend policy with taxes when the dividend tax rate exceeds the capital gain tax rate? b. Why does dividend payout have a tax disadvantage even when dividend tax rate equals the capital gain tax? c. What is a dividend clientele effect? If all equity holders in a firm are long term investors, what is the optimal dividend policy based on the dividend clientele effect theory Step by Step Solution
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