Chapter-8-Stocks-and-Their-Valuation

Chapter-8-Stocks-and-Their-Valuation - Chapter 8: Stocks...

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Unformatted text preview: Chapter 8: Stocks and Their Valuation. 2 Stocks and Their Valuation. 3 Chapter Outline: Features of Common Stock. Common Stock Valuation. Preferred Stock. 4 Features of Common Stock: Facts about common stock. Legal Rights and Privileges of Common Stockholders. Types of Common Stock. The Market for Common Stock. 5 Facts about common stock: Represents ownership Ownership implies control Stockholders elect directors Directors elect management Management’s goal: Maximize the stock price 6 Legal Rights and Privileges of Common Stockholders: Control of the Firm. Voting Rights Preemptive rights Right of access to meeting minutes and lists of existing shareholders Right to vote on issues that affect the firm’s property as a whole 7 Legal Rights and Privileges of Common Stockholders: Proxy. Proxy Fight. Takeover. 8 Types of Common Stock: Classified stock has special provisions. Could classify existing stock as founders’ shares, with voting rights but dividend restrictions. New shares might be called “Class A” shares, with voting restrictions but full dividend rights. 9 Types of Common Stock: Classified Stock. Founders Shares. 10 The Market for Common Stock: Closely Held Corporation. Publicly Owned Corporation. Secondary market....
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This note was uploaded on 11/11/2011 for the course FIN 534 taught by Professor Nalla during the Spring '08 term at Strayer.

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Chapter-8-Stocks-and-Their-Valuation - Chapter 8: Stocks...

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