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Explain the Leader Substitutes Model

question 63

Essay

Explain the leader substitutes model. What is the advice this model offers to managers?


Definitions:

Stock Price

The cost of purchasing a share of a company's stock on the stock market.

Preferred Stock

A class of ownership in a corporation that has a higher claim on its assets and earnings than common stock, often with fixed dividends.

Dividend

A portion of a company's earnings, decided by the board of directors, to be distributed among shareholders.

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