2-Stock Quotes. Go to finance.yahoo.com and get trading quotes for IBM.

a. What is the latest stock price and market cap?

b. What is the bid-ask spread?

c. What is IBMs dividend payment and dividend yield?

d. What is IBMs P/E ratio?

9-Dividend Discount Model. Amazon has never paid a dividend, but in December 2015, the market value of its stock was greater than $300 billion. Does this invalidate the dividend discount Model?

10- Dividend Discount Model. How can we say that price equals the present value of all future?

Dividends when many actual investors may be seeking capital gains and planning to hold their

Shares for only a year or two? Explain.