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) Assume that you own equity shares in a company. The company is profitable and has to decide between increasing dividends and share buybacks or

) Assume that you own equity shares in a company. The company is profitable and has to decide between increasing dividends and share buybacks or retaining profits and reinvesting in the company. As a shareholder, which would you prefer and why. Explain how your answer depends on whether you consider yourself a short-term shareholder or a long-term shareholder

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