CHAPTER2:ASSETCLASSESANDFINANCIALINSTRUMENTS1.(d):%/(1?)=%3.(a):94:30=%ofpar=$%implyingcouponpaymentsof$,moreprecisely,$=(e/price)=$/$==%-,-,“cashequivalents”,andtheycanbeconvertedtocash(.,sold)=$10,000/=$9,-eis$%exclusionforpreferredstockdividends,eis:×$4=$,taxesare:×$=$-eis:$–$=$:$/$=%$,whichwas$’’sclosingpricewas:$:$5,000/$=:?$=$-to-earningsratiois16andthepriceis$:$=16?Earningspershare=$=0,thevalueoftheindexis:(90+50+100)/3=80Att=1,thevalueoftheindexis:(95+45+110)/3=:()?1=%,StockCwouldsellfor110,sothevalueoftheindexwouldbe:250/3=,,weneedtofindthedivisor(d)suchthat:=(95+45+55)/d?d=
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