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— This paper is concerned with the decomposition of the inverses of Vandermonde matrices as a product of one lower and one upper triangular matrices. The algorithm proposed here is suitable for both hand and machine computation.
Existing empirical studies of dividend yields and dividend policies either make no assumption or the normal distribution of the dividend yields data. The statistical results will be biased because they cannot reflect the finite support set property of dividend yields which can only range from 0 to 1. We posit that the assumption that dividend yields follow… (More)