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Your wealthy industrialist brother is trying to persuade your retired uncle to buy shares in puma Energy Limited which is listed on stock market? He
Your wealthy industrialist brother is trying to persuade your retired uncle to buy shares in puma Energy Limited which is listed on stock market? He himself owns a few thousand and is impressed by the steady rise in the price. Your uncle is skeptical because puma Energy pays out a very small dividend.Required:
(i)What arguments is your cousin likely to make to your uncle?(10 marks)
(ii)Are the arguments valid in this case?(3 marks)
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