FIN 402 MASTER 1 Predictable World / fin402master.com FIN 402 MASTER 1 Predictable World / fin402master. | Page 35

Case Problem 6.2 Wally Wonders Whether There’s a Place for
Dividends Wally Wilson is a commercial artist who makes a good
living by doing freelance work—mostly layouts and illustrations—for
local ad agencies and major institutional clients (such as large
department stores). Wally has been investing in the stock market for
some time, buying mostly high-quality growth stocks as a way to
achieve long-term growth and capital appreciation. He feels that with
the limited time he has to devote to his security holdings, high-quality
issues are his best bet. He has become a bit perplexed lately with the
market, disturbe