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A month ago
Future investment plans are important determinants of payout policy because of

▸ signal to investors.

▸ stock price depreciation.

▸ costs of raising new capital.

▸ debt holder restrictions.
Textbook 

Fundamentals of Corporate Finance

Edition: 2nd
Authors:
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wrote...
Posts: 229
A month ago
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costs of raising new capital.
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zar
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A month ago
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