For σ < 1, the Lognormal Distribution Somewhat Resembles the ________

question 21

Short Answer

For σ < 1, the lognormal distribution somewhat resembles the ________ distribution.

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Definitions:

Non-Cumulative

Refers to dividends or other types of distributions that, if not paid by a company in a given period, are not required to be paid at all.

Dividend Yield

The ratio that indicates how much dividends a company issues each year in relation to the price of its shares.

Par Value

Par value is the nominal or face value of a bond, share, or other financial instrument, set at the time of issue.

Dividend Growth Model

A method for valuing a stock by using predicted dividends and discounting them back to their present value.