According to Modigliani and Miller, shareholders are indifferent between a dividend and a capital gain. Comment on
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‘According to Modigliani and Miller, shareholders are indifferent between a dividend and a capital gain.’ Comment on this statement, which you have overheard.
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The statement you overheard is aligned with the Modigliani and Miller Propositions which are a set of theoretical principles in finance proposed by Fr...View the full answer
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