Answer these TWO problems below. Minimum of 250 words per problem. Just answer it, no need to prepare as an essay format.
problem 1: A substantial percentage of the companies listed on the NYSE and NASDAQ don’t pay dividends, but investors are nevertheless willing to buy the shares. How is this possible?
problem 2: Describe how the payback period is find outd, and describe the information this measure provide about the sequence of cash flows. What is the payback criterion decision rule?