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Dividend Irrelevance
Dividend Irrelevance theory suggests that a company's dividend policy has no effect on either its value or its cost of capital, according to Modigliani and Miller.
Growth Created Value
The increase in value that a company achieves through the expansion of its operations or activities.
Future
Financial contracts obligating the buyer to purchase an asset or the seller to sell an asset, such as a physical commodity or a financial instrument, at a predetermined future date and price.
Clientele Effect
The theory that a company's stock price changes according to the demands and preferences of its existing shareholder base.
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