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The Directors of Venus Plc are discussing the importance of the dividend policy on the market value of their firm. The Chairman considers that the dividend is important and does affect the company's market value. The Finance Director disagrees saying that the dividend policy has no impact on the company's market value.
Required:
Prepare a report that fully explains both Directors' views. Include relevant empirical research to support both views.
There are now a number of sellers from set M, and buyers from set N. Each seller j can deliver one unit of the good at some price c j ≥ 0whichisonly known to him, and each buyer i
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