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Question 2 Summarize the arguments in the article to answer the question Why do firms pay dividends? from the perspective of (1) information asymmetry, (2)

Question 2 Summarize the arguments in the article to answer the question "Why do firms pay dividends?" from the perspective of (1) information asymmetry, (2) Agency costs and (3) Firm life-cycle theory [Question 2: 8 marks]

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