Define each of the following terms:

Key terms

a. Proxy; proxy fight; takeover

b. Preemptive right

c. Classified stock; founders' shares

d. Closelv held corporation; publicly owned corporation

e. Secondary market; primary market

f. Going public; initial public offering (IPO) market g. Intrinsic value (P ,); market price (P )

h. Required rate of return, k,; expected rate of return, k,; actual, or realized, rate of return, k, i. Capital gains yield; dividend yield: expected total return; growth rate, g j. Zero growth stock k. Normal, or constant, growth; supernormal, or nonconstant, growth AppendixLO1