Define common stock, preferred stock, ticker symbol, and stock split.

What is the primary market and the secondary market?

What are the three types of stock transaction orders?

What is an IPO, book value, and dividend?

Jamie and Peter Dawson own $220$ shares of Duke Energy common stock. Duke Energy's quarterly dividend is $$0\mathrm{.}86$ per share. What is the amount of the dividend check the Dawson couple will receive for this quarter? $($LO$12\mathrm{.}1)$ Show your work.

During the four quarters for $2017,$ the Browns received two quarterly dividend payments of $$0\mathrm{.}18,$ one quarterly payment of $$0\mathrm{.}20,$ and one quarterly payment of $$0\mathrm{.}22.$ If they owned $270$ shares of stock, what was their total dividend income for $2017?($LO$12\mathrm{.}1)$ Show your work.

Finally, what is an option and selling short?