Why did MM refer to the GordonLintner dividend argument as the bird-in-the-hand fallacy?

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Why did MM refer to the Gordon–Lintner dividend argument as the bird-in-the-hand fallacy?

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Fundamentals Of Financial Management

ISBN: 9780357517574

16th Edition

Authors: Eugene F. Brigham, Joel F. Houston

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Question Posted: Feb 26, 2024 10:00 AM

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Why did MM refer to the GordonLintner dividend argument as the bird-in-the-hand fallacy?

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Modigliani and Miller MM referred to the GordonLintner dividend argument as the birdinthehand fallac...View the full answer

Fundamentals Of Financial Management

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