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You Are the Chairman of the Board of Directors of NuWave

Question 197

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You are the chairman of the board of directors of NuWave Technology. You are in Vegas attending the company's annual meeting and it is now time for the question and answer session with shareholders. The very first question you take is this: "I own stock in a dozen companies. Everyone of them pays me dividends except NuWave. Why is that?" How do you respond?

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First, point out that retained earnings ...

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