investigates whether dividend-paying stock prices outperform non-dividend-paying stocks and whether there is a strong relationship … between dividends and stock prices. It also examines the financial health of dividend-paying firms vs. non-dividend-paying … financial stress test shows that the average Z-scores of non-dividend-paying stocks are higher and are more volatile than …

on underlying non-dividend-paying, and gives three put-call parities between American call and put option on spots, call …

and put forward the DF structure models of pricing options on a non-dividend-paying underlying for the first time. The DF …