Bob Bell and Carrie Norris are senior vice presidents at Mutual Money Investment Bank in New York. They are co-heads of the company's investment securities underwriting division. A large new client has requested that Mutual Money of New York produce an investment report to describe the process of valuing stocks and bonds. As a result, Bell and Norris have asked him to look at Tech Temps Company, a staffing agency that supplies IT workers to companies with temporarily heavy information technology workloads.

What is a classified stock? When "going public, why would a small company designate some shares currently outstanding as "founders' shares"?

What formula can be used to value any stock, regardless of its dividend pattern?

What is a constant growth stock? How do you value a steadily growing stock?

What happens if growth is constant and g > rs?