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Answer parts a and b about dividend policy: A. Dividend policy at many firms is often described as smooth . Define smooth dividends and explain
- Answer parts a and b about dividend policy:
A. Dividend policy at many firms is often described as smooth. Define smooth dividends and explain why investors might prefer smooth dividends?
B. Some economists feel that higher dividends will add value to the firm; others feel dividend policy is irrelevant, while others feel high dividends reduce the value of the firm. Explain each position.
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