Question
Need assistance on the following question, help is much appreciated! Suppose management of VTOL decides to use cash to pay a dividend of $8,000,000, and
Need assistance on the following question, help is much appreciated!
Suppose management of VTOL decides to use cash to pay a dividend of $8,000,000, and then issues more shares to new shareholders to replace the cash. What will happen to the market value of the existing shares and shareholders' wealth? Explain your answer clearly.
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
1292016922, 978-1292016924
