... than it used to be At the same time, the middle -of- the-road party has increased its share of the vote 16. 7 THE MIDDLE -OF- THE-ROADERS The middle -of- the-road party, principally represented by Miller, ... See Chapter Brealey−Meyers: Principles of Corporate Finance, Seventh Edition V Dividend Policy and Capital Structure © The McGraw−Hill Companies, 2003 16 The Dividend Controversy CHAPTER 16 The ... proof of MM’s theory Brealey−Meyers: Principles of Corporate Finance, Seventh Edition V Dividend Policy and Capital Structure © The McGraw−Hill Companies, 2003 16 The Dividend Controversy CHAPTER...