Promises to pay and orders to pay must be unconditional in order to be negotiable

A continuous distribution, which is bell-shaped and symmetric about the mean, is known as:

a. the normal distribution. b. the chi-square distribution. c. the F-distribution. d. the mean distribution. e. the binomial distribution.

The Textbook Production Company has been hit hard due to increased competition. The company's analysts predict that earnings (and dividends) will decline at a rate of 5% annually forever. Assume that Ks = 11% and Do = $2.00

What will the price of the company's stock be three years from now? A) $27.17 B) $6.23 C) $28.50 D) $10.18 E) $20.63