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QUESTION
The price of a stock is $10. The stock is not expected to pay any dividend for the foreseeable future.
The price of a stock is $10. The stock is not expected to pay any dividend for the foreseeable future. The probability of the price next year being more than $20 is
(a) 0 percent
(b) the same as the return being more than $10
(c) the same as the return being more than 100 percent
(d) indeterminable
