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nts AS D Question 23 60 pts a) Define the concept of leverage (or gearing). Critically discuss the 'trade-off' and the '
Posted: Thu May 26, 2022 7:17 am
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- Nts As D Question 23 60 Pts A Define The Concept Of Leverage Or Gearing Critically Discuss The Trade Off And The 1 (29.87 KiB) Viewed 63 times
nts AS D
Question 23 60 pts a) Define the concept of leverage (or gearing). Critically discuss the 'trade-off' and the 'pecking order' theories. Finally, extensively explain what does mean that a firm is in financial distress. [25] b) Briefly define and introduce the dividend policy. Critically discuss the Modigliani and Miller dividend irrelevancy preposition and the residual dividend policy. (15) c) What does the 'clientele effect' and 'signaling' theories assert? Critically discuss. [20] [Maximum 1000 words] Total marks: [60]