TIFFANY & CO. (a) You've just bought one dozen shares of Tiffany's stock. This makes you # #1 Tiffany's. #1 one of the owners of #2 one of the lenders to #3 one of the borrowers from #4 the automatic recipient of the next new ring design of (b) At any point of time, the value of one share of Tiffany's stock equals # #1 the sum of all future dividends #2 the Future Value of all future dividends #3 the Present Value of all future dividends and stock prices #4 the Present Value of all future dividends #5 today's value of all future coupon payments