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9. What is the estimated valuation of HSBC based on the dividend discount model, before and after the public announcement as of 1 April 2020?

9. What is the estimated valuation of HSBC based on the dividend discount model, before and after the public announcement as of 1 April 2020? Is this model still applicable to assessing HSBCs valuation and why?

Dillema of more dividend now or stronger stock in future.

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