Question: This is a subjective question, hence you have to write your answer in the Text-field given below (a) In our class we noted that sometimes

This is a subjective question, hence you have to write your answer in the Text-field given below (a) In our class we noted that sometimes a company's capital structure may deviate from its target (i.e. optimal) capital structure. Outline the reasons as to why a company's capitai structure may be different from its optimal capital structure. [2] (b) In the context of Dividend Policy, compare and contrast the Bird in Hand theory with Tax Preference theory? [2]
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