EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN: 9781337514835
Author: MOYER
Publisher: CENGAGE LEARNING - CONSIGNMENT
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Chapter 15, Problem 12QTD
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To discuss: Some of the people suggested that it is irrational for a firm to pay dividends and they sell new stock in the same year because the cost of newly issued equity is greater than the cost of retained earnings.

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