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(CHAPTER 8) (a) This morning, you decided to buy twenty shares of stock from your favorite coffee chain. And so now you are # this

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(CHAPTER 8) (a) This morning, you decided to buy twenty shares of stock from your favorite coffee chain. And so now you are # this coffee chain. #1 one of the many lenders to #2 one of the many borrowers from #3 one of the many owners of #4 the lucky winner of a free cup of coffee from (b) The value of one share of stock of this coffee chain equals # #1 the sum of its future dividends 22 the Present Value of its future dividends 3 the Present Value of its future dividends and stock prices #4 the Future Value of its future dividends #5 today's value of its future coupon payments

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