A share of stock will pay a dividend of $20 in one year, and will be sold for an expected price of $500 at that time. If the current one-year interest rate is 5%, the current price of the stock will be approximately equal to
A) $100.
B) $495.
C) $500.
D) $525.
E) none of the above
B
Economics
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Cindy's Sweaters' production function is shown in the above table. Cindy rents two knitting machines for $30 a day each and hires workers at a wage rate of $40 a day. What is the marginal cost of the 19th sweater?
A) $40.00 B) $20.00 C) $10.00 D) $8.00
Economics
What is the simple interest of a loan for $1,000 with 5 percent interest after 3 years?
(A) $150 (B) $1,150 (C) $50 (D) $1,050
Economics