Documents Issuing securities And considerable review. Reading 9, 10 (light on CAPM, heavy on SML), 12,13...

Slide 1 Issuing securities And considerable review Slide 2 Reading  9, 10 (light on CAPM, heavy on SML), 12,13 (esp.13.1-13.4), 14.1, 15, 16, 18 (but not the appendix)…

Documents The Dividend Controversy

The Dividend Controversy Should firms pay high dividends? Trap question one: An investor buys a share. It never pays a dividend. Is it valueless? No. The investor resells…