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Any company with growing earnings and dividends will be worth even more if the owners reinvest a larger fraction of the company's earnings. True False

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Any company with growing earnings and dividends will be worth even more if the owners reinvest a larger fraction of the company's earnings. True False In DCF valuation, capitalizing research and development (R&D) expenditures will not change the company's re-stated EBIT. O True O False

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