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The present value of a stock's projected future cash flows is what the share is worth today. True False Companies that anticipate high growth in

The present value of a stock's projected future cash flows is what the share is worth today.

True

False

Companies that anticipate high growth in their early years are likely to retain earnings to finance that growth rather than pay dividends and then borrow or issue stock to support the growth.

a.true

b.false

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