Slide 1 Operating Performance and Free Cash Flow of Asset Buyers Steven Freund Alexandros P. Prezas Gopala K. Vasudevan (Financial Management 32, 2003, 87-106) Slide 2 2…
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Dividends and Other Payouts Dividend Irrelevant Theory Proposed by Miller and Modigliani Value of firm is determined by a firmâs ability in generating earnings, not by the…