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(i) When should a firm cut dividend pay out rate and increase retention rate to maximize share price? (ii) How can the dividend-discount model handle
(i) When should a firm cut dividend pay out rate and increase retention rate to maximize share price?
(ii) How can the dividend-discount model handle changing growth rates?
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i Dividend Payout Rate and Share Price Maximization A firm should consider cutting its dividend payout rate and increasing its retention rate to maximize share price when the expected return on reinve...
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
