FIN-650 Week 5 DQ 2 - In a "perfect world" capital market, how important is a firm's decision…
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FIN-650 Week 5 DQ 2
In a "perfect world" capital market, how important is a firm's decision to pay dividends versus repurchase shares? Under what conditions would you have a tax preference for share repurchase rather than dividends? Would managers acting in the interests of long-term shareholders be more likely to repurchase shares if they believed the stock to be either undervalued or overvalued?