In what way might a policy to pay no dividends affect a, Finance Basics

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In what way might a policy to pay no dividends affect a

Question: In what way might a policy to pay no dividends affect a hotel corporation's market price of shares? If the policy were to pay out all net income in dividends, how might this affect the company's future net income? How might this affect the future share price?

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Finance Basics: In what way might a policy to pay no dividends affect a

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