Boundless Teaching Platform: Customizable Textbooks and Intuitive Teaching Tools

1. Boundless Lecture Slides Available on the Boundless Teaching Platform Free to share, print, make copies and changes. Get yours at www.boundless.com

2. Using Boundless Presentations Boundless Teaching Platform Boundless empowers educators to engage their students with affordable, customizable textbooks and intuitive teaching tools. The free Boundless Teaching Platform gives educators the ability to customize textbooks in more than 20 subjects that align to hundreds of popular titles. Get started by using high quality Boundless books, or make switching to our platform easier by building from Boundless content pre-organized to match the assigned textbook. This platform gives educators the tools they need to assign readings and assessments, monitor student activity, and lead their classes with pre-made teaching resources. Get started now at: • The Appendix The appendix is for you to use to add depth and breadth to your lectures. You can simply drag and drop slides from the appendix into the main presentation to make for a richer lecture experience. http://boundless.com/teaching-platform • Free to edit, share, and copy Feel free to edit, share, and make as many copies of the Boundless presentations as you like. We encourage you to take these presentations and make them your own. If you have any questions or problems please email: educators@boundless.com Free to share, print, make copies and changes. Get yours at www.boundless.com

3. About Boundless • Boundless is an innovative technology company making education more affordable and accessible for students everywhere. The company creates the world’s best open educational content in 20+ subjects that align to more than 1,000 popular college textbooks. Boundless integrates learning technology into all its premium books to help students study more efficiently at a fraction of the cost of traditional textbooks. The company also empowers educators to engage their students more effectively through customizable books and intuitive teaching tools as part of the Boundless Teaching Platform. More than 2 million learners access Boundless free and premium content each month across the company’s wide distribution platforms, including its website, iOS apps, Kindle books, and iBooks. To get started learning or teaching with Boundless, visit boundless.com. Free to share, print, make copies and changes. Get yours at www.boundless.com

4. Defining Stock Stock Valuation Types of Stock Rules and Rights of Common and Preferred Stock Stock Markets ] Stock Valuation Stock Valuation Free to share, print, make copies and changes. Get yours at www.boundless.com

5. Valuing the Corporation Stock Valuation(continued) ] Stock Valuation Free to share, print, make copies and changes. Get yours at www.boundless.com

6. Stock Valuation > Defining Stock Defining Stock • Ownership Nature of Stock • Control and Preemption Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/finance/textbooks/boundless-finance-textbook/stock-valuation-7/defining-stock-70/

7. Stock Valuation > Types of Stock Types of Stock • Common Stock • Preferred Stock Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/finance/textbooks/boundless-finance-textbook/stock-valuation-7/types-of-stock-71/

8. Stock Valuation > Rules and Rights of Common and Preferred Stock Rules and Rights of Common and Preferred Stock • Claim to Income • Voting Right • Purchasing New Shares • Preferred Stock Rules and Rights • Provisions of Preferred Stock • Comparing Common Stock, Preferred Stock, and Debt Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/finance/textbooks/boundless-finance-textbook/stock-valuation-7/rules-and-rights-of-common-and-preferred-stock-72/

9. Stock Valuation > Stock Markets Stock Markets • Market Actors • NYSE • NASDAQ • Market Reporting Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/finance/textbooks/boundless-finance-textbook/stock-valuation-7/stock-markets-73/

10. Stock Valuation > Stock Valuation Stock Valuation • Expected Dividends, No Growth • Expected Dividends and Constant Growth • Relationship Between Dividend Payments and the Growth Rate • Understanding Future Stock Value • Valuing Nonconstant Growth Dividends Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/finance/textbooks/boundless-finance-textbook/stock-valuation-7/stock-valuation-74/

11. Stock Valuation > Valuing the Corporation Valuing the Corporation • Valuing the Corporation • Discounted Dividend vs. Corporate Valuation Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/finance/textbooks/boundless-finance-textbook/stock-valuation-7/valuing-the-corporation-75/

12. Appendix Free to share, print, make copies and changes. Get yours at www.boundless.com

13. Stock Valuation Key terms • bondA bond is an instrument of indebtness of the bond issuers toward the bond holders. • bondA bond is an instrument of indebtness of the bond issuers toward the bond holders. • break-evenBreak-even (or break even) is the point of balance between making either a profit or a loss. • Callable sharesShares which can be bought back by the issuer at a predetermined price. • capital gainsProfit that results from a disposition of a capital asset, such as stock, bond, or real estate due to arbitrage. • clienteleThe body or class of people who frequent an establishment or purchase a service, especially when considered as forming a more-or-less homogeneous group of clients in terms of values or habits. • closed-endClosed-end funds (or closed-ended funds) are mutual funds with a fixed number of shares (or units). Unlike open-end funds, new shares/units are not created by managers, to meet demand from investors, but the shares can only be purchased (and sold) in the market. • Common stockCommon stock is a form of equity and type of security. Common stock shareholders are at the bottom of the line when it comes to dividends and receiving compensation in the case of bankruptcy. • Common stockCommon stock is a form of equity and type of security. Common stock shareholders are at the bottom of the line when it comes to dividends and receiving compensation in the case of bankruptcy. • Common stockCommon stock is a form of corporate equity ownership, a type of security. • Common stockCommon stock is a form of equity and type of security. Common stock shareholders are at the bottom of the line when it comes to dividends and receiving compensation in the case of bankruptcy. • Common stockShares of an ownership interest in the equity of a corporation or other entity with limited liability. Holders of this type of stock are entitled to dividends. Importantly, the financial rights for holders of this type of stock are junior to preferred stock and liabilities. Free to share, print, make copies and changes. Get yours at www.boundless.com

14. Stock Valuation • Convertible preferred stockConvertible preferred stock can be exchanged for a predetermined number of company common stock shares. • corporationa group of individuals, created by law or under authority of law, having a continuous existence independent of the existences of its members, and powers and liabilities distinct from those of its members • Cumulative DividendsCondition where owners of certain shares will receive accumulated dividends in the case a company cannot pay out dividends at the stated rate at the stated time. • DCF modelsValuation using discounted cash flows is a method for determining the current value of a company using future cash flows adjusted for time value. The future cash flow set is made up of the cash flows within the determined forecast period and a continuing value that represents the cash flow stream after the forecast period. • discounted cash flowIn finance, discounted cash flow (DCF) analysis is a method of valuing a project, company, or asset using the concepts of the time value of money. All future cash flows are estimated and discounted to give their present values (PVs)–the sum of all future cash flows, both incoming and outgoing, is the net present value (NPV), which is taken as the value or price of the cash flows in question. • dividendDividends are payments made by a corporation to its shareholder members. • Dutch auctionan event to buy or sell that starts at a high price that is gradually reduced by the auctioneer until someone is willing to buy • equityThe residual claim or interest to investors in assets after all liabilities are paid. If liability exceeds assets, negative equity exists and can be purchased through stock. • FINRAIn the United States, the Financial Industry Regulatory Authority, Inc., or FINRA, is a private corporation that acts as a self-regulatory organization (SRO). FINRA is the successor to the National Association of Securities Dealers, Inc. (NASD). Though sometimes mistaken for a government agency, it is a non-governmental organization that performs financial regulation of member brokerage firms and exchange markets. The government organization which acts as the ultimate regulator of the securities industry, including FINRA, is the Securities and Exchange Commission. • GAAPGenerally Accepted Accounting Principles refer to the standard framework of guidelines, conventions, and rules accountants are expected to follow in recording, summarizing, and preparing financial statements in any given jurisdiction. • Gordon Growth ModelGordon Growth Model is also called the dividend discount model (DDM), which is a way of valuing a company based on the theory that a stock is worth the discounted sum of all of its future dividend payments. • liquidationliquidation is the process by which a company (or part of a company) is brought to an end, and the assets and property of the company redistributed Free to share, print, make copies and changes. Get yours at www.boundless.com

15. Stock Valuation • market capitalizationThe total market value of the equity in a publicly traded entity. • Miller-Modigliani hypothesisThe Modigliani–Miller theorem (of Franco Modigliani, Merton Miller) forms the basis for modern thinking on capital structure. The basic theorem states that, under a certain market price process (the classical random walk), in the absence of taxes, bankruptcy costs, agency costs, and asymmetric information, and in an efficient market, the value of a firm is unaffected by how that firm is financed. • NASDAQThe National Association of Securities Dealers Automated Quotations; this is an electronic stock market. • net asset valueNet asset value (NAV) is the value of an entity's assets less the value of its liabilities, often in relation to open-end or mutual funds, since shares of such funds registered with the U.S. • open-endAn open-end(ed) fund is a collective investment scheme which can issue and redeem shares at any time. • PreemptionThe right of a shareholder to purchase newly issued shares of a business entity before they are available to the general public so as to protect individual ownership from dilution. • PreemptionThe right of a shareholder to purchase newly issued shares of a business entity before they are available to the general public so as to protect individual ownership from dilution. • preemptive righta contractual ability to acquire certain property newly coming into existence before it can be offered to any other person or entity • Preferred StockPreferred stock is an equity security that has the properties of both an equity and debt instrument and is higher ranking than common stock. • Preferred StockPreferred stock is an equity security that has the properties of both an equity and debt instrument and is higher ranking than common stock. • Preferred StockPreferred stock is an equity security that has the properties of both an equity and debt instrument and is higher ranking than common stock. • Preferred StockPreferred stock is an equity security that has the properties of both an equity and debt instrument and is higher ranking than common stock. Free to share, print, make copies and changes. Get yours at www.boundless.com

16. Stock Valuation • Preferred StockPreferred stock is an equity security that has the properties of both an equity and debt instrument and is higher ranking than common stock. • risk premiumA risk premium is the minimum amount of money by which the expected return on a risky asset must exceed the known return on a risk-free asset, or the expected return on a less risky asset, in order to induce an individual to hold the risky asset rather than the risk-free asset. • secondary marketThe financial market in which previously issued financial instruments such as stock, bonds, options, and futures are bought and sold. • shareholderA shareholder legally owns at least one share of stock in a company and has rights with regards to the company because of this. • StockThe stock of a company represents the original capital paid into the business by its founders. It serves as a security for investors. • Stock ExchangeA form of exchange that provides services for stock brokers and traders to trade stocks, bonds and other securities. • Voting rightsRights which are generally associated with common stock shareholders in regards to business entity matters ( such as electing the board of directors or establishing corporate policy) • weighted averageAn arithmetic mean of values biased according to agreed weightings. Free to share, print, make copies and changes. Get yours at www.boundless.com

17. Stock Valuation Stock Valuation Stock valuation involves many methods. Free to share, print, make copies and changes. Get yours at www.boundless.com Geek Shares."What Is Stock?Shares of Stock."CC BYhttp://www.greekshares.com/shares.phpView on Boundless.com

18. Stock Valuation Historical dividend information for Franklin Automobile Company Dividends are one of the privileges of stock ownership, and preferred shares get more rights to them than common shares do. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia."Wikimedia."CC BY-SAhttp://wikimedia.orgView on Boundless.com

19. Stock Valuation Shareholder Meeting This scene from "The Office" humorously illustrates a shareholder meeting, where the shareholder can exercise their right to vote on company issues or question company directors. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."Shareholder Meeting."GNU FDLhttp://en.wikipedia.org/wiki/Shareholder_MeetingView on Boundless.com

20. Stock Valuation Stock Market Different kinds of investors are active in stock market. Free to share, print, make copies and changes. Get yours at www.boundless.com Flickr."All sizes | stock market | Flickr - Photo Sharing!."CC BYhttp://www.flickr.com/photos/68751915@N05/6870880911/sizes/m/in/photostream/View on Boundless.com

21. Stock Valuation Shareholder Meeting This scene from "The Office" humorously illustrates a shareholder meeting, where the shareholder can exercise their right to vote on company issues or question company directors. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."Shareholder Meeting."GNU FDLhttp://en.wikipedia.org/wiki/Shareholder_MeetingView on Boundless.com

22. Stock Valuation 1903 stock certificate of the Baltimore and Ohio Railroad Ownership of shares is documented by the issuance of a stock certificate and represents the shareholder's rights with regards to the business entity. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."B&O RR common stock."Public domainhttp://en.wikipedia.org/wiki/File:B&O_RR_common_stock.jpgView on Boundless.com

23. Stock Valuation Your Dividend DDM can be used to calculate a constant growth company. Free to share, print, make copies and changes. Get yours at www.boundless.com Stocks on Wall Street."My 10 Favorite Dividend Stocks : Stocks on Wall Street."CC BYhttp://stocksonwallstreet.net/2010/10/my-10-favorite-dividend-stocks/View on Boundless.com

24. Stock Valuation Investing trade-offs Value investors trade growth for dividends. Free to share, print, make copies and changes. Get yours at www.boundless.com Tumblr."Explore | Tumblr."CC BYhttp://www.tumblr.com/tagged/home-equity-loans?before=1327946406View on Boundless.com

25. Stock Valuation Exchanges New shares can be traded on exchanges such as the Nasdaq, but will usually be offered to current shareholders before being put on sale to the general public. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."Nasdaq."GNU FDLhttp://en.wikipedia.org/wiki/NasdaqView on Boundless.com

26. Stock Valuation NASDAQ NASDAQ is the second-largest stock exchange market in the world, as of 2012. Free to share, print, make copies and changes. Get yours at www.boundless.com Flickr."All sizes | NASDAQ | Flickr - Photo Sharing!."CC BYhttp://www.flickr.com/photos/deleep/95340356/sizes/m/in/photostream/View on Boundless.com

27. Stock Valuation Bond Preferred Stocks are considered a hybrid security with properties of both stocks and bonds, but are subordinate to bonds when it comes to rights of claim to company assets. Free to share, print, make copies and changes. Get yours at www.boundless.com ETF Trends."ETF Spotlight: High-Yield Corporate Bonds | ETF Trends."CC BYhttp://www.etftrends.com/2012/05/etf-spotlight-high-yield-corporate-bonds-2/View on Boundless.com

28. Stock Valuation A bond from the Dutch East India Company A bond is a financial security that represents a promise by a company or government to repay a certain amount, with interest, to the bondholder. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."Vereinigte Ostindische Compagnie bond."CC BY-SAhttp://en.wikipedia.org/wiki/File:Vereinigte_Ostindische_Compagnie_bond.jpgView on Boundless.com

29. Stock Valuation New York Stock Exchange Stocks can be bought and sold on exchanges, like the New York Stock Exchange shown above. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."Stock exchange."GNU FDLhttp://en.wikipedia.org/wiki/Stock_exchangeView on Boundless.com

30. Stock Valuation VOC stock Preferred stock is a security ( a little more modern that this stock from the VOC or Dutch East India Company) that carries certain rights which designate it from common stock or debt. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."Stock."GNU FDLhttp://en.wikipedia.org/wiki/StockView on Boundless.com

31. Stock Valuation NYSE Trading Floor Buyers and sellers meet and engage in face-to-face transactions at the NYSE, which is an auction-style secondary market. Free to share, print, make copies and changes. Get yours at www.boundless.com Flickr."All sizes | NYSE Floor View | Flickr - Photo Sharing!."CC BYhttp://www.flickr.com/photos/76046205@N00/119753144/sizes/m/in/photostream/View on Boundless.com

32. Stock Valuation 1903 stock certificate of the Baltimore and Ohio Railroad Preferred and common stock both carry rights of ownership, but represent different classes of equity ownership. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."B&O RR common stock."Public domainhttp://en.wikipedia.org/wiki/File:B&O_RR_common_stock.jpgView on Boundless.com

33. Stock Valuation Historical Graph of the Dow Jones Industrial Average This graph shows the general increase in the DJIA over the last century. Particularly notable is the growth from around 1,000 points in the late 1980s to around 10,000 points in 2005. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia Commons."DJIA_historical_graph_to_jul11_28log29.svg."CC BY-SA 3.0https://commons.wikimedia.org/wiki/File:DJIA_historical_graph_to_jul11_(log).svgView on Boundless.com

34. Stock Valuation Attribution • Wiktionary."preemptive right."CC BY-SA 3.0http://en.wiktionary.org/wiki/preemptive_right • Wikipedia."Pre-emption right."CC BY-SA 3.0http://en.wikipedia.org/wiki/Pre-emption_right • Wikipedia."Preemption."CC BY-SA 3.0http://en.wikipedia.org/wiki/Preemption • Wikipedia."Shareholder."CC BY-SA 3.0http://en.wikipedia.org/wiki/Shareholder • Wikipedia."Stock Exchange."CC BY-SA 3.0http://en.wikipedia.org/wiki/Stock%20Exchange • Wikipedia."Stock exchange."CC BY-SA 3.0http://en.wikipedia.org/wiki/Stock_exchange • Wikipedia."Pre-emption right."CC BY-SA 3.0http://en.wikipedia.org/wiki/Pre-emption_right • Wikipedia."Preemption."CC BY-SA 3.0http://en.wikipedia.org/wiki/Preemption • Wikipedia."Common stock."CC BY-SA 3.0http://en.wikipedia.org/wiki/Common%20stock • Wikipedia."Common stock."CC BY-SA 3.0http://en.wikipedia.org/wiki/Common_stock • Wiktionary."dividend."CC BY-SA 3.0http://en.wiktionary.org/wiki/dividend • Wiktionary."equity."CC BY-SA 3.0http://en.wiktionary.org/wiki/equity • Wikipedia."net asset value."CC BY-SA 3.0http://en.wikipedia.org/wiki/net%20asset%20value • Wikipedia."Corporate valuation."CC BY-SA 3.0http://en.wikipedia.org/wiki/Corporate_valuation • Wikipedia."discounted cash flow."CC BY-SA 3.0http://en.wikipedia.org/wiki/discounted%20cash%20flow • Wiktionary."corporation."CC BY-SA 3.0http://en.wiktionary.org/wiki/corporation • Wikipedia."Stock."CC BY-SA 3.0http://en.wikipedia.org/wiki/Stock Free to share, print, make copies and changes. Get yours at www.boundless.com

35. Stock Valuation • Wikipedia."Stock."CC BY-SA 3.0http://en.wikipedia.org/wiki/Stock • Wiktionary."shareholder."CC BY-SA 3.0http://en.wiktionary.org/wiki/shareholder • Wikipedia."Pre-emption right."CC BY-SA 3.0http://en.wikipedia.org/wiki/Pre-emption_right • Wikipedia."Shareholder."CC BY-SA 3.0http://en.wikipedia.org/wiki/Shareholder • Wikipedia."Preferred stock."CC BY-SA 3.0http://en.wikipedia.org/wiki/Preferred_stock • Wikipedia."Common stock."CC BY-SA 3.0http://en.wikipedia.org/wiki/Common%20stock • Wikipedia."Common stock."CC BY-SA 3.0http://en.wikipedia.org/wiki/Common_stock • Wikipedia."Preferred Stock."CC BY-SA 3.0http://en.wikipedia.org/wiki/Preferred%20Stock • Wikipedia."Preferred stock."CC BY-SA 3.0http://en.wikipedia.org/wiki/Preferred_stock • Wikipedia."Common stock."CC BY-SA 3.0http://en.wikipedia.org/wiki/Common%20stock • Wikipedia."Bond (finance)."CC BY-SA 3.0http://en.wikipedia.org/wiki/Bond_(finance) • Wikipedia."Stock."CC BY-SA 3.0http://en.wikipedia.org/wiki/Stock • Wikipedia."Common stock."CC BY-SA 3.0http://en.wikipedia.org/wiki/Common_stock • Wikipedia."Preferred Stock."CC BY-SA 3.0http://en.wikipedia.org/wiki/Preferred%20Stock • Wiktionary."bond."CC BY-SA 3.0http://en.wiktionary.org/wiki/bond • Wikipedia."The Dividend Decision."CC BY-SA 3.0http://en.wikipedia.org/wiki/The_Dividend_Decision • Wiktionary."clientele."CC BY-SA 3.0http://en.wiktionary.org/wiki/clientele • Wikipedia."break-even."CC BY-SA 3.0http://en.wikipedia.org/wiki/break-even • Wikipedia."DCF models."CC BY-SA 3.0http://en.wikipedia.org/wiki/DCF%20models Free to share, print, make copies and changes. Get yours at www.boundless.com

36. Stock Valuation • Wikipedia."Stock valuation."CC BY-SA 3.0http://en.wikipedia.org/wiki/Stock_valuation • Wikipedia."Dividend discount model."CC BY-SA 3.0http://en.wikipedia.org/wiki/Dividend_discount_model • Wikipedia."Miller-Modigliani hypothesis."CC BY-SA 3.0http://en.wikipedia.org/wiki/Miller-Modigliani%20hypothesis • Wikipedia."Preferred stock."CC BY-SA 3.0http://en.wikipedia.org/wiki/Preferred_stock • Wikipedia."Preferred stock."CC BY-SA 3.0http://en.wikipedia.org/wiki/Preferred_stock • Wikipedia."Preferred stock."CC BY-SA 3.0http://en.wikipedia.org/wiki/Preferred_stock • Wikipedia."Preferred stock."CC BY-SA 3.0http://en.wikipedia.org/wiki/Preferred_stock • Wikipedia."Callable shares."CC BY-SA 3.0http://en.wikipedia.org/wiki/Callable%20shares • Wikipedia."Convertible preferred stock."CC BY-SA 3.0http://en.wikipedia.org/wiki/Convertible%20preferred%20stock • Wikipedia."Cumulative Dividends."CC BY-SA 3.0http://en.wikipedia.org/wiki/Cumulative%20Dividends • Wikipedia."Conference Board Leading Economic Index."CC BY-SA 3.0http://en.wikipedia.org/wiki/Conference_Board_Leading_Economic_Index • Wikipedia."FTSE 100."CC BY-SA 3.0http://en.wikipedia.org/wiki/FTSE_100 • Wikipedia."Common stock."CC BY-SA 3.0http://en.wikipedia.org/wiki/Common%20stock • Wikipedia."Stock market index."CC BY-SA 3.0http://en.wikipedia.org/wiki/Stock_market_index • Wikipedia."Dow Jones Industrial Average."CC BY-SA 3.0http://en.wikipedia.org/wiki/Dow_Jones_Industrial_Average • Wikipedia."S&P 500."CC BY-SA 3.0http://en.wikipedia.org/wiki/S&P_500 • Wikipedia."Russell 2000."CC BY-SA 3.0http://en.wikipedia.org/wiki/Russell_2000 • Wiktionary."weighted average."CC BY-SA 3.0http://en.wiktionary.org/wiki/weighted_average • Wiktionary."market capitalization."CC BY-SA 3.0http://en.wiktionary.org/wiki/market_capitalization Free to share, print, make copies and changes. Get yours at www.boundless.com

37. Stock Valuation • Wikipedia."risk premium."CC BY-SA 3.0http://en.wikipedia.org/wiki/risk%20premium • Wiktionary."GAAP."CC BY-SA 3.0http://en.wiktionary.org/wiki/GAAP • Wikipedia."Stock valuation."CC BY-SA 3.0http://en.wikipedia.org/wiki/Stock_valuation • Wikipedia."capital gains."CC BY-SA 3.0http://en.wikipedia.org/wiki/capital%20gains • Wikipedia."Dividend payout ratio."CC BY-SA 3.0http://en.wikipedia.org/wiki/Dividend_payout_ratio • OpenStax CNX."Rudy Lopes, Dividend and Market Value Ratios. September 17, 2013."CC BY 3.0http://cnx.org/content/m15611/latest/ • Wikipedia."Preferred stock."CC BY-SA 3.0http://en.wikipedia.org/wiki/Preferred_stock • Wikipedia."Preferred stock."CC BY-SA 3.0http://en.wikipedia.org/wiki/Preferred_stock • Wikipedia."Preferred stock."CC BY-SA 3.0http://en.wikipedia.org/wiki/Preferred_stock • Wikipedia."Preferred Stock."CC BY-SA 3.0http://en.wikipedia.org/wiki/Preferred%20Stock • Wiktionary."bond."CC BY-SA 3.0http://en.wiktionary.org/wiki/bond • Wikipedia."Nasdaq Composite."CC BY-SA 3.0http://en.wikipedia.org/wiki/Nasdaq_Composite • Wikipedia."FINRA."CC BY-SA 3.0http://en.wikipedia.org/wiki/FINRA • Wikipedia."NASDAQ."CC BY-SA 3.0http://en.wikipedia.org/wiki/NASDAQ • Wikipedia."Preferred stock."CC BY-SA 3.0http://en.wikipedia.org/wiki/Preferred_stock • Wikipedia."Preferred Stock."CC BY-SA 3.0http://en.wikipedia.org/wiki/Preferred%20Stock • Wiktionary."liquidation."CC BY-SA 3.0http://en.wiktionary.org/wiki/liquidation • Wikipedia."closed-end."CC BY-SA 3.0http://en.wikipedia.org/wiki/closed-end • Wikipedia."Issuers."CC BY-SA 3.0http://en.wikipedia.org/wiki/Issuers Free to share, print, make copies and changes. Get yours at www.boundless.com

38. Stock Valuation • Wikipedia."Mutual fund."CC BY-SA 3.0http://en.wikipedia.org/wiki/Mutual_fund • Wikipedia."Investor."CC BY-SA 3.0http://en.wikipedia.org/wiki/Investor • Wikipedia."Financial institutions."CC BY-SA 3.0http://en.wikipedia.org/wiki/Financial_institutions • Wikipedia."Stock market."CC BY-SA 3.0http://en.wikipedia.org/wiki/Stock_market%23Market_participants • Wikipedia."Hedge funds."CC BY-SA 3.0http://en.wikipedia.org/wiki/Hedge_funds • Wikipedia."Financial intermediary."CC BY-SA 3.0http://en.wikipedia.org/wiki/Financial_intermediary • Wikipedia."Stockbroker."CC BY-SA 3.0http://en.wikipedia.org/wiki/Stockbroker • Wikipedia."Insurance companies."CC BY-SA 3.0http://en.wikipedia.org/wiki/Insurance_companies%23Insurance_companies • Wikipedia."Exchange-traded fund."CC BY-SA 3.0http://en.wikipedia.org/wiki/Exchange-traded_fund • Wikipedia."open-end."CC BY-SA 3.0http://en.wikipedia.org/wiki/open-end • Wikipedia."Pension fund."CC BY-SA 3.0http://en.wikipedia.org/wiki/Pension_fund • Wikipedia."Index fund."CC BY-SA 3.0http://en.wikipedia.org/wiki/Index_fund • Wikipedia."Gordon Growth Model."CC BY-SA 3.0http://en.wikipedia.org/wiki/Gordon%20Growth%20Model • Wikipedia."Stock valuation."CC BY-SA 3.0http://en.wikipedia.org/wiki/Stock_valuation • Wikipedia."Preferred stock."CC BY-SA 3.0http://en.wikipedia.org/wiki/Preferred_stock • Wikipedia."Common stock."CC BY-SA 3.0http://en.wikipedia.org/wiki/Common%20stock • Wikipedia."Annual general meeting."CC BY-SA 3.0http://en.wikipedia.org/wiki/Annual_general_meeting • Wikipedia."Voting rights."CC BY-SA 3.0http://en.wikipedia.org/wiki/Voting%20rights • Wikipedia."Stock."CC BY-SA 3.0http://en.wikipedia.org/wiki/Stock Free to share, print, make copies and changes. Get yours at www.boundless.com

39. Stock Valuation • Wikipedia."Common stock."CC BY-SA 3.0http://en.wikipedia.org/wiki/Common_stock • Wikipedia."Preferred Stock."CC BY-SA 3.0http://en.wikipedia.org/wiki/Preferred%20Stock • Wikipedia."Secondary market."CC BY-SA 3.0http://en.wikipedia.org/wiki/Secondary_market • Wikipedia."secondary market."CC BY-SA 3.0http://en.wikipedia.org/wiki/secondary%20market • Wikipedia."Stock exchange."CC BY-SA 3.0http://en.wikipedia.org/wiki/Stock_exchange • Wiktionary."Dutch auction."CC BY-SA 3.0http://en.wiktionary.org/wiki/Dutch_auction • Wiktionary."NASDAQ."CC BY-SA 3.0http://en.wiktionary.org/wiki/NASDAQ • Wikipedia."NYSE."CC BY-SA 3.0http://en.wikipedia.org/wiki/NYSE Free to share, print, make copies and changes. Get yours at www.boundless.com