In the theoretical world of miller and modigliani what role, Financial Management

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In the theoretical world of miller and modigliani what role

1. Explain the research results of Modigliani and Miller in the area of capital structure?

2. Explain why according to the pecking order theory, firms prefer internal financing to external financing?

1. In the theoretical world of Miller and Modigliani, what role does dividend policy play in the determination of share values?

2. How can the passive residual view of dividend policy be reconciled with the tendency of most firms to maintain a constant or steadily growing payment record?

3. Explain what is meant by the clientele effect?

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Financial Management: In the theoretical world of miller and modigliani what role

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