On 27 April 2020, National Australia Bank (NAB) announced a dividend cut and a plan to raise

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On 27 April 2020, National Australia Bank (NAB) announced a dividend cut and a plan to raise $3.5 billion of new capital.

(a) Explain the reasons behind NAB's actions. How did the market react to this news?

(b) Fifteen months later, NAB revealed plans to buy back up to $5 billion of excess capital. How would NAB shareholders be affected by this action?

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International Business

ISBN: 9781292274157

8th Edition

Authors: Simon Collinson, Rajneesh Narula, Alan M. Rugman

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Posted Date: Oct 31, 2023 06:17 AM

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On 27 April 2020, National Australia Bank (NAB) announced a dividend cut and a plan to raise

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a National Australia Bank NAB took the actions of cutting its dividend and raising 35 billion of new ... View the full answer

International Business

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