1. Explain three characteristics of common stock that are different from bonds.

2. Explain how return on equity $($ROE$),$ return on assets $($ROA$),$ and price earnings ratio $($P$/$E$)$ are affected when new common stock is issued by a corporation.

3. Identify two different factors that affect stock price besides issuing new shares or repurchasing shares and how the price is affected.

4. Explain the difference between common and preferred stock