2. Does the retained earnings figure on a companys balance sheet indicate the amount of funds the company has available for current dividends or capital expenditures? Explain fully.

3. Discuss the reasons why a firm may repurchase its own common stock.

4. Explain the differences between par value, book value, and market value per share of common stock.

5. Discuss the various stockholder rights.

6. What factor or factors make the valuation of common stocks more complicated than the valuation of bonds and preferred stocks?