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Panera Bread Company Message Board

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  • badbeginning@sbcglobal.net badbeginning May 9, 2005 8:15 PM Flag

    return on investment

    pjv2xyw9dww4b5 are you familiar with the M&M dividend theory by Franco Modigliani and Merton Miller? Remember that some companies and investors choose to have the cash returned in the form of capital gains. The two theorized that valuation is determined by the income produced from assets, indifferent from the choosen dividend policy.

 
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