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Question 5 [ Dividend Policies] a. Critically examine dividend irrelevance theory of Modigliani and Miller and Bird in Hand Theory of Gordon and Linter. b.

Question 5 [ Dividend Policies]

a. Critically examine dividend irrelevance theory of Modigliani and Miller and Bird in Hand Theory of Gordon and Linter.

b. Distinguish between- (i) stock dividend and stock split. (ii) Record date and ex-dividend date

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