please answe 1,3 and 11

not answers in pictures please

REVIEW AND CRITICAL THINKING QUESTIONS 1. Stock Valuation (L01] Why does the value of a share of stock depend on dividends 2. Stock Valuation [L01] A substantial percentage of the companies listed on the NYSE and NASDAQ don't pay dividends, but investors are nonetheless willing to buy shares in them. How is this possible given your answer to the previous question 3. Dividend Policy [L01] Referring to the previous questions, under what circum stances might a company choose not to pay dividends? Dividend Growth Model (L01 Under what two assumptions can we us idend growth model presented in the chapter to determine the value 4. Die stock? Comment on the reasonableness of these assumptions. is can we use the div- e the value of a share of 1 to ree 10. Voting Rights [LO3] Some companies, such as Alphabet, have created classes of stock with no voting rights at all. Why would investors buy such stock? 11. Stock Valuation [L01] Evaluate the following statement: Managers should not focus on the current stock value because doing so will lead to an overemphasis on short-term profits at the expense of long-term profits. Two-Stage Dividend Growth Model ILO1 One of the assumptions of the two- stage growth model is that the dividends drop immediately from the high growth ink about this assumption? What 12