Adherents of the dividends-are-good school sometimes point to the fact that stocks with high yields tend to
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Adherents of the “dividends-are-good” school sometimes point to the fact that stocks with high yields tend to have above-average price–earnings multiples. Is this evidence convincing? Discuss.
StocksStocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...
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It is true that researchers have been consistent in finding a positive association between priceearnings multiples and payout ratios But simple tests ...View the full answer
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Related Book For 
Principles of Corporate Finance
ISBN: 978-0072869460
7th edition
Authors: Richard A. Brealey, Stewart C. Myers
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