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Macroeconomics 14th Edition by William Baumol,Alan Blinder,John Solow
Edition 14ISBN: 978-1337794985Macroeconomics 14th Edition by William Baumol,Alan Blinder,John Solow
Edition 14ISBN: 978-1337794985 Exercise 3
* Microsoft stock rose from less than $10 in 1995 to more than $100 per share in 2000. Microsoft has made sizable profits but never paid a dividend. Why were people willing to pay such a high price knowing that they might not get dividends for many years?
Explanation
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b. If the reward for cheating become hig...
Macroeconomics 14th Edition by William Baumol,Alan Blinder,John Solow
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