Concepts, 24 points, 3 points each. Put your answer in the column to the right. No wc-k needed. 10. If the price of a stock rises, will the P-E ratio increase (I), decrease (D) or not change (N) ? 11. The required return on a stock increases, what will happen to the stock's price? Will it increase (I), decrease (D) or not change (N)? 12. A company reduces its dividend, what will happen to the stock's PE ? Will it increase (I), decrease (D) or not change (N)? 13. The market has decreased a company's growth expectations, what will happen to the stock's P-E? Will it increase (I), decrease (D) or not change (N)? 14. Analyst's have decreased a company's growth expectations, what will happen to the stock's PEG? Will it increase (I), decrease (D) or not change (N)? 15. Annuity A has 15 payments. Annuity B has 20 payments. Which annuity has the higher present value? A or B? 16. True or False. The 1Y target estimate is the median of analyst estimates. 17. True or False. Investors short stocks because they think the price will rise