1. Select one of the following theories and provide an argument about why it might hold and why it might not. Once you have done this, give your personal opinion on its relevance to explaining overall corporate dividend behavior.

Residual theory of dividends

"Bird-in-the-hand" argument

Informational content of dividends

Investor preference for steady dividend payments

2. Explore the valuation methods listed below. Then, create an initial discussion post in which you explain which method is the more appropriate method to calculate firm value, and why.

1. Book value

2. Liquidation value

3. Equity value

4. Enterprise value

5. Discounted cash flows

short answer only 2-3 paragraph?