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In the M&M ideal world, what payout policy should a company follow? Pay out all residual cash flows after investing in all positive NPV projects
In the M&M ideal world, what payout policy should a company follow?
Pay out all residual cash flows after investing in all positive NPV projects | ||
Never pay a dividend because shareholders do not care | ||
Do not buy back stocks because of potential dilution | ||
Maintain a stable dividend |
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