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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. Distinguish

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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. Distinguish between- (i) stock dividend and stock split. (ii) Record date and ex-dividend date 5+5= 10 Marks

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