Unit 8(B)

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Across
  1. 2. The number of shareholders are very large in a ________ held company
  2. 4. Most institutional investors avoid these issues
  3. 8. Dividend policy of the firm has its effect on both the long-term financing and the _______ of shareholders
  4. 10. A ___________ payout ratio results into fluctuating dividend per share pattern
Down
  1. 1. Earnings distributed to shareholders
  2. 3. _____________ may generally put restrictions on dividend payments to protect their interests when the firm is experiencing low liquidity or low profitability
  3. 5. For existing shareholders, this will be diluted if they do not want or cannot buy additional shares
  4. 6. The greater the overall _________ of a company, the greater will be its ability to pay dividends
  5. 7. This is how companies mostly pay dividend
  6. 9. The dividend policy of the firm has to evolve within the ________ framework