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Why does the value of a share of stock depend on dividends?,,,,,,2. A substantial percentage of the companies listed on the NYSE and NASDAQ don’t pay dividends, but investors are nonetheless willing to buy shares in them. How is this possible given your answer to the previous question?,,,,3. Referring to the previous questions, under what circumstances might a company choose not to pay dividends?,,,,,11. Evaluate the following statement: Mangers should not focus on the current stock value because doing so will lead to an overemphasis on short-term profits at the expense of long-term profits.,,The word limit for the answers is about 15 to 25 words.