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Optimal Dividend Policy when Cash Surplus Follows the Telegraph Process |
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| Authors: | Pospelov I. G. Radionov S. A. |
| Affiliation: | 1.Federal Research Center “Computer Science and Control” of Russian Academy of Sciences, 119333, Moscow, Russia ;2.National Research University Higher School of Economics, 101000, Moscow, Russia ;3.Lebedev Physical Institute of Russian Academy of Sciences, 119991, Moscow, Russia ;4.Financial Research Institute of the Ministry of Finance of the Russian Federation, 127006, Moscow, Russia ; |
| Abstract: | Mathematical Notes - This article contributes to research dealing with the optimal dividend policy problem of a firm whose goal is to maximize the expected total discounted dividend payments before... |
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