As per dividend relevance theory, current dividend payments are believed to reduce investor's ...

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As per dividend relevance theory, current dividend payments are believed to reduce investor's ...

As per dividend relevance theory, current dividend payments are believed to reduce investor's uncertainty, thereby—all else being equal—placing a lower value on a firm's stock after its payment.

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Principles of Managerial Finance

Edition: 14^th

Authors: Gitman, Zutter

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