Suppose in Any Period Dividend on a Share Takes One

Multiple Choice

Suppose in any period dividend on a share takes one of four values, $0.00, $0.04, $0.14 or $0.30 with equal probability in each period and trades for 15 periods after which it becomes valueless. At the beginning of the 11^th period, the expected dividend from this share is:

A) $0.60.
B) $3.60.
C) $2.25.
D) $0.15.