A. an electronic network which transmits orders directly to the floor of the NYSE.
B. the network used in the primary market for selling newly issued shares.
C. the international trading network of the NYSE.
D. a website that allows individual investors to trade directly with one another.
E. a computerized network used by independent brokers.
24. National Trucking has paid an annual dividend of $1.00 per share on its common stock for the past fifteen 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. valued at an assumed growth rate of one percent.
E. worth $1 a share in the current market.