2. Joe Bob has heard that preferred stock is a better investment than common stock or bonds. Describe for Joe Bob what preferred stock is and the various features such as callable and cumulative. 3. Describe earnings per share, price earnings ratio, price/earnings to growth ratio, total return, book value. Why are EPS and P/E so important to investors? 4. You are told by your broker about a new stock that is going public. Would you rather invest in an IPO or in an established company? Why? 5. Bob tells his broker to buy 100 shares of Coca-Cola. Terri tells her broker to buy Berkshire Hathaway if it falls to $80,000. Tammy tells her broker to sell Google if it falls to $50. Describe these various types of orders. What is a discretionary order? What could be some advantages of using an order other than a market order for buying or selling stock