6. Which statement is FALSE? a. Common stockholders have a "residual claim" on the firm's income and assets. b. Preferred stock is valued as a perpetuity. c. From an investor's point of view, preferred stock is a less risky investment than a bond in the same corporation. d. Common stockholders have "limited liability." 7. You are contemplating buying ABX stock. ABX just paid a dividend of $4.00, your required return is 11.5%, and you expect dividends will grow at a constant 2% forever. Calculate today's stock price (calculate P0 ). a. $35.47 b. $42.11 c. $42.95