Miller and Modigliani theory of dividends
What is the Miller and Modigliani theory of dividends?
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According to Modigliani-Miller’s theory of dividends, the dividend theory is irrelevant. They say that the income produced by assets is more important and not distribution of funds.
From books of Aggarwal Bors, following information has been extracted: Rs. Sales 2,40,000 Variable costs 1,44,000 Fixed costs 26,000 Profit before tax 70,000 Rate of tax
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