Business, 01.12.2020 16:40 SweetBriar

National Trucking has paid an annual dividend of $1 per share on its common stock for the past 15 years and is expected to continue paying a dollar a share long into the future. Given this, one share of the firm's stock is:. a. basically worthless as it offers no growth potential.
b. equal in value to the present value of $1 paid one year from today
c. priced the same as a $1 perpetuity
d. worth $1 a share in the current market.

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