LMS Integrated for MindTap Finance, 1 term (6 months) Printed Access Card for Brigham/Houston's Fundamentals of Financial Management, Concise Edition, 9th
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Chapter 14, Problem 11Q
Summary Introduction

To explain: catering theory and how it impact firm’s dividend policy.

Introduction:

Dividend Policy:

It is the rules and regulations or protocol, which a company sets to share its earning with its shareholders. Dividend’s payment include payment to be made legally as well as financially.

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