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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
14-1     Discuss the pros and cons of having the directors formally announce what a firm’s dividend policy will be in the future.
14-2Â Â Â Â Â The cost of retained earnings is less than the cost of new outside equity capital.
Consequently, it is totally irrational for a firm to sell a new issue of stock and to pay dividends during the same year. Discuss the meaning of those statements.
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