Applying the valuation procedure to common stocks is more difficult than applying it to bonds because: O the size and timing of the dividend cash flows are more certain than the coupon payments for bonds. O common stocks make perpetual dividend payments. O the rate of return on common stock is directly observable. O common stocks have a final maturity date.

Applying the valuation procedure to common stocks is more difficult than applying it to bonds because: the size and timing of the dividend cash flows are more certain than the coupon payments for bonds. common stocks make perpetual dividend payments. the rate of return on common stock is directly observable. cormmon stocks have a final maturity date