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1. Explain what equity is, and identify some of the features and characteristics of (a) preferred stock and (b) common stock. 2. Describe how stock

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1. Explain what equity is, and identify some of the features and characteristics of (a) preferred stock and (b) common stock. 2. Describe how stock prices (values) are determined when (a) dividends grow at a constant rate and (b) dividend growth is Non-constant

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