Question
If you were to argue that the firm's cost of equity, rs, does not change as the dividend payout decreases, you would be making an
If you were to argue that the firm's cost of equity, rs, does not change as the dividend payout decreases, you would be making an argument ___________ with MM's dividend irrelevance theory, and ___________ with Gordon and Lintner's "bird-in-the-hand" theory
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Financial Informatics An Information Based Approach To Asset Pricing
Authors: Dorje C Brody, Lane Palmer Hughston, Andrea Macrina
1st Edition
9811246483, 978-9811246487
