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Hi please help me solve this question, urgent. Thanks! (a) 'Dividends are very important, but at the same time, dividend policy is irrelevant'. Explain this

Hi please help me solve this question, urgent. Thanks!

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(a) 'Dividends are very important, but at the same time, dividend policy is irrelevant'. Explain this statement. (8 marks) (b) Explain the meaning of 'dividend clientele effect' and its importance. (c) Explain how to identify the debt-equity ratio that will maximize the value of a firm

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