Define each of the following terms:
a. Proxy; proxy fight; takeover; preemptive right; classified stock; founders’ shares
b. Closely held stock; publicly owned stock
c. Intrinsic value (P0); market price (P0)
d. Required rate of return, rs; expected rate of return, ^rs; actual, or realized, rate of return, rs
e. Capital gains yield; dividend yield; expected total return
f. Normal, or constant, growth; supernormal, or nonconstant, growth; zero growth stock
g. Preferred stock
h. Equilibrium; Efficient Markets Hypothesis (EMH); three forms of EMH
i. Purely rational behavior; animal spirits; herding instincts; anchoring; behavioral finance