Q8

XYZ High Tech Company Limited is listed on the ASX, but does not currently pay dividends. In fact, the company is not profitable at present and many investors are uncertain whether it will ever pay dividends to its shareholders. Given this information, which of the following statements is TRUE? Select one: O a. The company can be valued using a super-normal Dividend Discount Model (DDM). b. An estimate of the company's value cannot be made, as future dividends are so uncertain. c. An estimate of the value of the company can be made. d. The normal Dividend Discount Model (DDM) can be used to value the company