Question: How is it possible that dividends are so important, but at the same time dividend policy is irrelevant? Explain the use of dividends versus repurchases?
How is it possible that dividends are so important, but at the same time dividend policy is irrelevant? Explain the use of dividends versus repurchases? Specifically, when might a company use a dividend and when they might use a stock repurchase? Consider recent examples in the financial news.
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