[精选]StocksandTheirValuation(英文版)(最新整理版).pptxVIP

9 - 1 CHAPTER 9 Stocks and Their Valuation Features of common stock Determining common stock values Efficient markets Preferred stock Copyright © 2001 by Harcourt, Inc. All rights reserved. Copyright © 2001 by Harcourt, Inc. All rights reserved. 9 - 2 Represents ownership. Ownership implies Stockholders elect control. directors. Directors elect management. Management’s goal: Maximize stock price. Facts about Common Stock Copyright © 2001 by Harcourt, Inc. All rights reserved. 9 - 3 Social/Ethical Question Should management be equally concerned about employees, customers, suppliers, “the public