Question $22(3$ points$)$

Which of the following statements are false?

The purchase of shares of AT&T from a current shareholder would occur on the primary market.

Stocks that pay the same annual dividend have equal market values.

The dividend growth model predicts an increase in dividends will increase the value of a share of stock.

The dividend growth model predicts an increase in the required return will increase the value of a share of stock.

Statement one $(1)$ is false.

Statement two $(2)$ is false.

Statement three $(3)$ is false.

Statement four $(4)$ is false.

Question $23(3$ points$)$

Which of the following statements are false?

The dividend growth model requires the growth rate to be less than the required return.

The primary market is where a company will sell stock to investors

A stock's value changes in direct relation to the required return.

The dividend growth model predicts an increase in the required return will increase the value of a share of stock.

Statement one $(1)$ is false.

Statement two $(2)$ is false.

Statement three $(3)$ is false.

Statement four $(4)$ is false.