Question: I need help with these questions. Chapter 17 Payout Policy List two ways a firm can distribute cash to its shareholders 1 Describe the dividend
I need help with these questions.

Chapter 17 Payout Policy List two ways a firm can distribute cash to its shareholders 1 Describe the dividend payment process 2. 3. Describe the share repurchase process through an open-market repurchase, tender offer or targeted repurchase 4. Define stock split, reverse stock split, and stock dividend; describe the direct effect of those actions on stock price 5. Describe the Modigliani-Miller (MM) Dividend Irrelevance principle assuming a perfect capital market Discuss the effect of taxes on dividend policy Describe the effect of agency costs and information asymmetry on payout policy 6 7 Provide reasons why firms might accumulate cash balances rather than pay dividends 8
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