CH13

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CH13
American depository receipts (ADRs)
ask price
bid price
common stockholder vote
generalized dividend model
Gordon growth model
National Association of Securities Dealers Automated Quotation System (NASDAQ)
preferred stock
price earnings ratio (PE)

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A receipt for foreign stocks held by a trustee. The receipts trade on U.S. stock exchanges i
actual stock.
The price market makers sell the stock for.
The price market makers pay for the stocks.
receive dividends, and hope that the price of their stock will rise
Calculates that the price of stock is determined only by the present value of the dividends.
A simplified model to compute the value of a stock by assuming constant dividend growth.
A computerized network that links dealers around the country together and provides price qu
the-counter securities.
Stock on which a fixed dividend must be paid before common dividends are distributed. It oft
mature and usually does not give the holder voting rights in thecompany.
A measure of how much the market is willing to pay for $1 of earnings from a firm.