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What is an imputation tax system? Briefly explain the chronology of dividend payment. Discuss different ways in which a firm can pay dividends to its

  1. What is an imputation tax system? Briefly explain the chronology of dividend payment.
  2. Discuss different ways in which a firm can pay dividends to its shareholders.Briefly explain the information content of share repurchase.
  3. What is an option? Explain the term "call option"and "put option" with an example.

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