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Question It is impossible to discuss the issue of dividend policy without first mentioning the contribution of Miller & Modigliani (1961). Infact these scholars were

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Question It is impossible to discuss the issue of dividend policy without first mentioning the contribution of Miller \& Modigliani (1961). Infact these scholars were the pioneers in bringing to the fore issues pertaining to dividend policy in corporate firms. As a student of corponate financial management you are required to discuss in detail the major contribution(s) of the two researchers

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