Wayne, Inc stock is $40.00 per share. The company's quarterly dividend is forecasted as $0.45 per share, indefinitely. A coupon equity-linked bond, promising to pay one share of Wayne, Inc in 3 years pays a quarterly coupon of $0.50
If annual interest rates are 4.0%, what is the price of the bond?
A) $40.56
B) $42.60
C) $44.56
D) $46.60
A
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a. Relevance b. Reliability c. Comparability. d. Subjective e. all of the above
In the early days of word processing, dictation was commonly used
Indicate whether the statement is true or false.
Jolene hired Lacy to find a buyer for her house. Adam was interested in buying the house. If both Jolene and Adam agree, Lacy, a real estate agent, may represent both parties
a. True b. False Indicate whether the statement is true or false
Social media allows people to form communities.
Answer the following statement true (T) or false (F)