Chapter 9 "Stocks and Their Valuation from Brigham Houston.

Interact with the book. How? By working the problems or questions out on paper after reviewing their method of solving the problem or discussing the issue.

Once you finish reading/reviewing the text, provide a short summary.

Write a short journal that addresses the following concepts: marginal investor; intrinsic value versus market price; required rate of return versus the expected rate of return versus the actual rate of return; capital gains yield; dividend yield versus cash flow yield; expected total return; growth rate versus capital gains rate (when are they equal); zero growth stock versus perpetuity; constant growth stock and the use of the constant growth model to value; horizon date and the assumption of a horizon value; preferred stock versus perpetuity.