For a Stock That Pays No Dividends, Today's Price Is

question 25

True/False

For a stock that pays no dividends, today's price is the present value of next year's price.

---

Definitions:

Smooth

Relating to or having an even and continuous surface or texture; typically free from perceptible projections, lumps, or indentations.

Involuntary

Occurring without the individual's conscious control; often refers to physiological responses or reflex actions.

Cardiac

Pertaining to the heart and its functions.

Muscle

Tissues in the body that have the ability to contract, making movement possible.