Question: Go to the home page of Cisco Systems Inc http www cisco com

Go to the home page of Cisco Systems, Inc. ( and link to its financial reports page. Download the most recent annual report and observe the capital investment and dividend policies of Cisco Systems. Now, do the same for Chevron ( Which of the two firms appears to have more high-growth, positive-NPV investment opportunities? Which pays the higher relative dividend? Do these results support the agency cost/contracting model? The signaling model?

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  • CreatedMarch 26, 2015
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