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a. Stock Valuation: How does the value of a share of stock depend on dividends? b. Dividend Policy: A substantial percentage of the companies listed

a. Stock Valuation: How does the value of a share of stock depend on dividends?

b. Dividend Policy: A substantial percentage of the companies listed on the NYSE and NASDAQ dont pay dividends, but investors are nonetheless willing to buy shares in them. How is this possible, given your previous answer?

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