Which of the Following Represents a Stock's Fundamental Value

Multiple Choice

Which of the following represents a stock's fundamental value?

A) The present value of its expected future dividend payments.
B) The price the stock would sell at in the midst of a rational bubble.
C) The product of all future dividend payments multiplied together.
D) The simple sum of its future dividend payments.
E) The price the stock would sell at if the interest rates were zero.