Introduction Deutsche Brauerei (DB) is a German company owned by 16 Schweitzer family members. It was founded in 1737, and has been in the family for 12 generations. DB manufactures two types of beer...
1) Miller and Modigliani, the middle-of-the-roaders, opined that dividend policy has no effect on a firms value in a perfect and efficient capital market. The rightist believed that dividend payout in...