26. An investor who purchases stock in a firm cannot realize a positive return on that
investment if the firm pays no dividends. This statement is:
A) False: The investor will still receive interest payments from the investment.
B) True: The investor does not receive any cash flows therefore, the investment
return is zero
C) False: The investor may realize a capital gain from the appreciation of the stock
price
D) True: The dividend yield is zero
E) None of the above
Answer C
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