Question
what is the underlying premise of the pecking order and how does it relate to the assumption that dividend policy is sticky, that is ,
what is the underlying premise of the pecking order and how does it relate to the assumption that dividend policy is "sticky", that is , firm are reluctant to change their dividend policy? How dose this relate to the maintenance of financial slack? Briefly explain
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Principles Of Corporate Finance
Authors: Lawrence J. Gitman, Sean M. Hennessey
2nd Canadian Edition
0321452933, 978-0321452931
