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inkster inkster
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A month ago
The "bird in the hand" argument is based on the argument that

▸ capital gains are preferred to dividends.

▸ dividends and capital gains are perfect substitutes.

▸ dividends are preferred to capital gains.

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

Corporate Finance


Edition: 5th
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andre9119andre9119
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A month ago
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inkster Author
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A month ago
This calls for a celebration Person Raising Both Hands in Celebration
oscar520000
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Yesterday
Brilliant ツ
riptide
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2 hours ago
Thanks
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