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1. I don't understand what major benefits do corporations and investors enjoy because of the existence of organized security exchanges? 

2. What is a dividend? 

3. Within a corporation, who decides whether to pay dividend

4. Google pays no dividend while Con Edison pays a large dividend. What would influence a company to pay or not to pay a dividend? Why?

5. Why might a rational investor invest in the stock of a company that pays no dividend?

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