div class=trans-pagebutton class=gotoPage data-page=1Page 1button div class=trans-imagea href=https:reader042fdocumentsusreader042viewer20220306175ae2bd187f8b9a5b348c9fa8html5page1jpg target=_blank img data-url=documentacmackch18solnpdfno-elton-and-grubers-paper-is-not-a-prescription-for-dividendhtmlpage=1 data-page=1 class=trans-thumb lazyload alt=Page 1: financewhartonupennedufinancewhartonupennedu~acmackCh18_solnpdfNo Elton and Grubers paper is not a prescription for dividend policy In a world with taxes a firm should loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mM8Uw8AAh0BTZud3BwAAAAASUVORK5CYII= data-src=https:reader042fdocumentsusreader042viewer20220306175ae2bd187f8b9a5b348c9fa8html5thumbnails1jpg width=140 height=200 adivdivdiv class=trans-pagebutton class=gotoPage data-page=2Page 2button div class=trans-imagea href=https:reader042fdocumentsusreader042viewer20220306175ae2bd187f8b9a5b348c9fa8html5page2jpg target=_blank img data-url=documentacmackch18solnpdfno-elton-and-grubers-paper-is-not-a-prescription-for-dividendhtmlpage=2 data-page=2 class=trans-thumb lazyload alt=Page 2: financewhartonupennedufinancewhartonupennedu~acmackCh18_solnpdfNo Elton and Grubers paper is not a prescription for dividend policy In a world with taxes a firm should loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mM8Uw8AAh0BTZud3BwAAAAASUVORK5CYII= data-src=https:reader042fdocumentsusreader042viewer20220306175ae2bd187f8b9a5b348c9fa8html5thumbnails2jpg width=140 height=200 adivdivdiv class=trans-pagebutton class=gotoPage data-page=3Page 3button div class=trans-imagea href=https:reader042fdocumentsusreader042viewer20220306175ae2bd187f8b9a5b348c9fa8html5page3jpg target=_blank img data-url=documentacmackch18solnpdfno-elton-and-grubers-paper-is-not-a-prescription-for-dividendhtmlpage=3 data-page=3 class=trans-thumb lazyload alt=Page 3:...