Albert, Inc stock is $42.00 per share. The company's quarterly dividend is forecasted as $0.50 per share, increasing 10.0% at the start of every year
What is the price of a zero-coupon equity-linked bond, promising to pay one share in 3 years, given annual interest rates of 8.0%?
A) $32.60
B) $36.20
C) $42.60
D) $62.40
B
Business
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