Suppose you know with certainty that the Clark Capital Corporation will pay a dividend o $10 per

Question:

Suppose you know with certainty that the Clark Capital will pay a o $10 per share on every January I forever. The continuously compounded risk-free rate is 5% (also forever).
(a) Graph the price path of Clark Capital ova time.
(b) Is this (highly artificial) example a random walk? A martingale? A submartingale (Why?)
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