True$/$False

State whether the following statements are true or false. You do NOT need to provide a justification.

a$)$ The amount of future dividends for a common stock is promised on the stock certificate. $($True $/$ False$)$

b$)$ Future cash flows from a stock will differ depending on how long we hold it$.$ As a result, the present value

of stock as of today varies depending on the holding period. $($True $/$ False$)$

c$)$ Investors would require a higher return on a stock with riskier cash flows. Consistently, we discount the

stock's future cash flow at a higher rate. $($True $/$ False$)$

d$)$ Consider a stock that is expected to pay a $$0\mathrm{.}5$ dividend one year from now. When one year passes, the

realized amount of the dividend should equal $$0\mathrm{.}5.$