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ed a 3. Answer parts a and b about dividend policy many firms is often described as smooth. Define smooth dividends and explain why investors
ed a 3. Answer parts a and b about dividend policy many firms is often described as "smooth". Define smooth dividends and explain why investors might prefer smooth dividends? economists feel that higher dividends will add value to the firmon: others feel dividend policy is irrelevant, while others feel dends reduce the value of the firm. Explain each ha position
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