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Business, 27.04.2021 14:50 michelle230
The dividend-irrelevance proposition of Miller and Modigliani "depends on the following relationship between investment policy and" dividend policy: Changes in investment policy will alter dividend policy. Changes in dividend policy will alter investment policy. Investment policy is independent of dividend policy. Dividends are tax-deductible and investments are depreciable
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The dividend-irrelevance proposition of Miller and Modigliani "depends on the following relationship...
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