1. Would a typical (dividend paying) common stock provide cash flows more like an annuity or more like an uneven cash flow stream? Explain.

2.To calculate the present value (PV) of an uneven stream of cash flows, you must first find the PVs of the individual cash flows and add them.If some of these cash flows are of equal value, can we use the present value of an annuity formula (PVA) to calculate the present value of the entire cash flow series?Explain.