1. According to data from the World Bank about the value of corporate stock as traded on stock markets, which country's or which region's stock market has the highest absolute value as of 2008? 2. Common shareholders have voting rights. What do they do at the shareholders meeting? How do they fire a CEO? 3. What does board of directors do? 4. What is limited liability of common stocks? 5. What is the price of a share of stock according to the lecture? 6. What is a company's market capitalization, as explained in the lecture? 7. Are public companies required to issue dividends? Is it good for company to have zero payout policy (div =0?) 8. What happen to the stock price after the dividends are issued? (ex-dividend price) 9. What is stock buyback? (stock repurchases.) 10. What is in common between dividends and stock repurchases? 11. From 1973 - 1982, there are a lot of share repurchases in the corporate world. The lecture only mentioned the observation. Please google why corporation choose repurchases over paying dividends. 12. What is dilution? Is there any dilution when public company issue new equities (seasonal offering)? 13. What is preferred stock? Why it is preferred as compared to common stock? Does preferred stock have voting rights? 14. When General Motors got into a crisis in 2009, the U.S. government bailed it out. Through which channel of financing did the bailout proceed? I 15. According to John Lintner's dividend model, why does a firm have to strike a balance in its dividend payout policy? 16. What happen to Zerox in 1999? 17. Using Xerox's balance sheet from 1999 and 2010, explain why equity's market value can not be lower than the company's liquidation value