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Q2. (a) A number of arguments have been advanced in support of the relevance of dividends i.e. investors are not indifferent as to whether they

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Q2. (a) A number of arguments have been advanced in support of the relevance of dividends i.e. investors are not indifferent as to whether they receive returns in the form of dividend income or share price appreciation. Briefly explain some of those arguments. (10 marks)

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