Tag Archives: Tillman Industries

What did Modigliani and Miller assume about taxes and brokerage costs when they developed their dividend irrelevance theory?

DISTRIBUTIONS TO SHAREHOLDERS: DIVIDENDS AND SHARE REPURCHASES Microsoft Shifts Gears and Begins to Unload Part of Its Vast Cash Hoard Explain briefly the ideas behind the dividend irrelevance theory. What did Modigliani and Miller assume about taxes and brokeragecosts when they developed their dividend irrelevance theory? Why did MM refer to the Gordon Lintner dividend […]