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What is Dividend Irrelevance Theory? What are the assumptions of this theory? What is Bird-in-the-Hand Theory? Any implications to managers? What factors can help financial

  1. What is Dividend Irrelevance Theory? What are the assumptions of this theory?
  2. What is Bird-in-the-Hand Theory? Any implications to managers?
  3. What factors can help financial managers to determine a firm's optimal cash distribution ratio?

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