Apple Inc., a company listed on the stock exchange which recently did not give dividend to shareholders and yet investors are willing to buy their shares. How is this possible? Does this violate the basic principle of stock valuation? Discuss.

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Apple Inc., a company listed on the stock exchange which recently did not give a dividend to shareholders and yet investors are willing to buy their shares. How is this possible? Does this violate the basic principle of stock valuation? Discuss.

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