Question: Dividend and Repurchase Policy a. Explain the conditions under which dividend payout policy will be irrelevant to the value of the firm. b. Provide examples

Dividend and Repurchase Policy a. Explain the conditions under which dividend payout policy will be irrelevant to the value of the firm. b. Provide examples of how failure of the conditions from (a) to hold will impact the firm's dividend payout decision

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