What is the expected return on equity using the Black-Scholes formula, given a zero-coupon bond that pays $250 at maturity in 4 years? Assume assets are worth $200, r = 0.05, ? = 0.30, and no dividend is paid. The return on assets is 11.5%

A)

10.27%

B)

14.27%

C)

18.27%

D)

22.27%


Answer:

D

Business

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