1. Which of the following statements are true about common stock?
   1. As owners, common stockholders are paid last in the case of bankruptcy
   2. Bondholders receive interest before stockholders receive dividends
   3. Common stockholders expect to earn a higher return than bondholders
   4. Common shareholders receive voting rights ahead of preferred stockholders
   5. All the above are true

2. The Dividend Discount Model assumes:
   1. Companys pay a dividend for the foreseeable future
   2. The growth rate for dividends is based on profits growing in a stable way over time
   3. The rate of return represents the required return by shareholders
   4. Choice a and c are the only correct assumptions
   5. All of the above are true about the model