... 2.) Bird-in-Hand The main conclusion from the MM irrelevance theory is that a company's
dividend policy has no affect on the required rate of return on equity ...
... Under this theory, it is better to have dividend paid, because it is real cash,
paid immediately. ... Counter argument for the bird in the hand, is that the ...
... Also essential to the quantity theory is the belief that ... On the other hand, if a
single group wantonly ... normative side of economics, unlike the bird's eye view ...
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