Which of the following statements is incorrect? Select one: a. A perpetual bond is similar to a preferred stock because both have indefinite lives. b. The preemptive right is less important to the stockholders of publicly owned company than to those of closely held firms. C. A preferred stock is similar to a bond because it has a par value and a fixed dividend payment that must be paid after dividends are paid on the common stock. d. Investor A has a 2-year investment horizon while investor B usually holds stock for 10 years. If these two investors expect the same future dividend stream and they agree on the stock's riskiness, then investor A and B will be willing to pay the same price for the same company stock. e. A perpetual bond is similar to a no-growth common stock because both have indefinite lives. Which of the following statements is incorrect? Select one: O a. The constant growth model is appropriate for companies that the dividend growth rate is larger than its required rate of return on stock. b. The constant growth model is inappropriate for companies that never pay dividend. C. The constant growth model is appropriate for companies that have negative dividend growth rates. d. Two firms with the same dividend and growth rate might not have the same stock price. e. The constant growth model is appropriate for mature companies with a stable history of growth