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Posts: 178
2 weeks ago
What is the bird-in-the-hand fallacy in dividend theory under perfect capital markets?
Textbook 
Fundamentals of Corporate Finance
Edition: 2nd
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2 weeks ago
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According to Modigliani and Miller under perfect capital markets shareholders can generate an equivalent homemade dividend at any time by selling shares.  Thus the dividend choice of the firm should not matter.
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