Question
With respect to common stock claims: -as long as a firm has net income it can pay a dividend -there must be cash available to
With respect to common stock claims:
-as long as a firm has net income it can pay a dividend
-there must be cash available to pay a dividend
-it is similar to long-term debt in that the claim on the firm is fixed
-the dividends paid are tax deductible to the firm
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The Analysis And Use Of Financial Statements
Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
2nd Edition
0471111864, 978-0471111863
