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kickykhalil kickykhalil
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A month ago
The Modigliani and Miller dividend irrelevance theorem is based on the argument that

▸ investors don't value dividends, hence dividends are irrelevant.

▸ capital gains are preferred to dividends.

▸ dividends and capital gains are perfect substitutes.

▸ dividends are preferred to capital gains.
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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ramos1992ramos1992
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A month ago
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this is exactly what I needed
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