A stock is expected to pay $1.25 per share every year indefinitely and the equity cost of capital for the company is 8.4%. What price would an investor be expected to pay per share ten years in the future?

Which of the following describes the way the futures price of a foreign currency is quoted by the CME group?

A. The number of U.S. dollars per unit of the foreign currency B. The number of the foreign currency per U.S. dollar C. Some futures prices are always quoted as the number of U.S. dollars per unit of the foreign currency and some are always quoted the other way round D. There are no quotation conventions for futures prices

A bank that organizes its services into divisions that serve personal banking, small business banking, and corporate banking is using

A) a functional approach. B) a geographic-based divisional approach. C) a customer-based division. D) a matrix.