QUESTION $10$

Discuss the following theories and models and their relevance in corporate finance:

b$.$ Agency theory

c$.$ Information asymmetry theory

d$.$ Capital Asset Pricing Model

e$.$ Weighted$-$Average Cost of Capital

f$.$ Risk$-$Adjusted Discount Rates

g$.$ Marginal Tax Benefit of Debt

h$.$ Pecking$-$Order Theory

i$.$ Signaling Theory

j$.$ Clientele effect

k$.$ Bird$-$in$-$the$-$hand Theory

l$.$ Agency cost theory

m$.$ Residual Theory of Dividends

n$.$ Catering Theory

o$.$ Constant$-$Payout$-$Ratio Dividend Policy