If in the opinion of a given investor a stock's expected return exceeds its required return, this suggests that the investor thinks The stock is experience supernormal growth The stock should be sold the stock is a good buy management is probably nor trying to maximize the price per share dividends are not likely to be declared companies can issue different classes of common stock Which of the following statement concerning stock classes is correct? All common stocks fall into one of three classes A, B, C All common stocks, regardless of class, must have the same voting rights All firms have several classes of common stock Some class or classes of common stock are entitled to more votes per share than other classes Preferred stock and bonds are similar because they both have voting power the interest and dividend payments are legal obligations of the firm the interest and dividend payments are tax deductible the interest and dividend payments are fixed A bond has the following terms: What is the bond's price if the market interest rates is 7%