Answer, in one-half to maximum one full page for each, the following questions: State and explain some characteristics of common stock that differentiate the security from other types of financial securities. What is a market order? What is a limit order? What is The Term Structure of interest rates? Why does it on average slope upwards? Explain the Loanable Funds Theory. Explain how the existence of financial markets may benefit the society. The company XYZ is relatively young and grows by reinvesting earnings, i.e. they currently do not pay dividend. The XYZ company plan to not pay any dividend the next 9 years, and then pay a dividend of 8 in year 10. They expect the dividend to grow by 6% every year hence. A reasonable required rate of return for the stock is said to be 13%. What is the expected price of the XYZ stock in year 9? What is the current price of the XYZ stock