9. You are discussing stock valuation techniques with your broker. You mention that your Finance professor stated
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Question:
9. You are discussing stock valuation techniques with your broker. You mention that your Finance professor stated that "a stock that will never pay a dividend is valueless." Your broker says this is not true because
you can always sell the stock to someone else (thus, a capital gain is possible)
a share of stock represents a share of ownership in something tangible (i.e., the issuing firm). Argue for or against your broker's position.
Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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