Why do firms spend so much time and money planning their payout policies if it doesn't affect
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Why do firms spend so much time and money planning their payout policies if it doesn't affect stock or the required rate of return on equity given that dividend theory states that dividend policy does not affect either stock prices or the required rate of return on equity?
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1259722615
9th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
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