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On the dividends certainty point: in a much more volatile EM market, would there be a additional preference for dividends vs buybacks (i.e. is there a volatility dampening value, which in turn could translate into beta and cost of capital) ?
On the dividends certainty point: in a much more volatile EM market, would there be a additional preference for dividends vs buybacks (i.e. is there a volatility dampening value, which in turn could translate into beta and cost of capital) ?