“The optimal pay-out ratio for growth firm is nil and declining firm is 100%” is established by
A. Gordon model
B. Walter model
C. Both (A) and (B)
D. None of the above
Answer:C
“The optimal pay-out ratio for growth firm is nil and declining firm is 100%” is established by
A. Gordon model B. Walter model C. Both (A) and (B) D. None of the above