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Discussion – In a “perfect world” capital market, how important is a firm’s decision to pay

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Discussion     In a “perfect world” capital market, how important is a firm’s decision to pay dividends versus repurchase shares?  Under what conditions would you have a tax preference for share repurchase rather than dividends?  Would managers acting in the interests of long-term shareholders be more likely to repurchase shares if they believed the stock […]

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