relevance concept of dividend
Post on 22-Nov-2014
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Relevance Concept of dividend1.) Walter s Approach: Prof. Walter s model is based on the relationship between the firm s return on investment i.e. r and the cost of capital or required rate of return i.e. k. According to the model if r>k then the firm should retain the earnings and the optimum payout ratio would be zero, If r
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