Question: Please answer the question with a detailed steps and formulas so I can understand it more. ( The Question Is Completed) A number of publicly

Please answer the question with a detailed steps and formulas so I can understand it more. ( The Question Is Completed)

A number of publicly traded firms pay no dividends yet investors are willing to buy shares in these firms. How is this possible? Does this violate our basic principle of stock valuation? Explain. (7 marks)

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