2. Which of the following is (are) feature(s) of preferred stock? 1. It generally has a fixed dividend II. It generally has a dividend that increases annually III. It receives preference in bankruptcy over common stock IV. It receives preference in bankruptcy over secured bondholders O I and I only O I and IV only O II and III only O II and IV only Question 3 1 pts 3. Which is NOT a right of common stockholders? O The right to receive dividends O The right to elect officers and directors The right to approve accountants The right to attend annual meetings 4. A "poison pill" provision is NOT O A provision to declare bankruptcy An anti-takeover provision O An automatic right to receive a disproportionate number of shares of stock over another shareholder O A provision requiring shareholder approval Question 5 1 pts 5. "Intrinsic Value" O Is a meaningless concept O Is useful in determining Buy, Hold or Sell O Is different for every analyst O is one component of many in determining stock valuation 6. The Discounted Dividend Model uses which of the following components as part of the analysis to determine the value of stock: O Future anticipated dividends O Dividend growth The risk free discount rate The horizon for holding stock Question 7 1 pts 7. A Real Estate Investment Trust (REIT) is easier than many corporations to project dividends because: O A REIT is required to pay 90% of its taxable income as dividends O Its earnings are predictable It isn't easier to project O All REITS have the same assets 8. Which is an indicator of stock value in the Barnes Bank analysis? All of the above P/E Ratio Price to Tangible Book Value (Book Value minus Goodwill) Branch location Question 9 1 pts 9. Which is (are) NOT a component of the Enterprise-Based Approach to Valuation equations? O Stock price and Intrinsic Value o Capital expenditures and changes in working capital O Time Value of Money O Sales, costs, and cash flow