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Is the dividend policy irrelevant for the value of a stock? If so, why is it the case that increases in dividend tend to be

Is the dividend policy irrelevant for the value of a stock? If so, why is it the case that increases in dividend tend to be followed by increases in share prices?

What are some of the pros and cons of a company paying high dividends?

What in your view we still don't understand about dividend policy?

What is a rights offering and what is the rights offering puzzle?

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