Question
Hi Professor, I have gone through my course content and i am not able to understnd the following. Can you please explain me in details.
Hi Professor,
I have gone through my course content and i am not able to understnd the following. Can you please explain me in details.
The 'Dividend Irrelevance Theory' says that a firm's dividend policy has no effect on either its value or its cost of capital. Make a brief assessment of the theory by clearly stating its assumptions and their validity in the real world.
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown, Sanford J. Leeds
11th Edition
1305262999, 1305262997, 035726164X, 978-1305262997
