Which of the following statement is incorrect? The general pattern of cash flows from a bond with a positive coupon rate are the coupon interest payments at regular intervals throughout the life of the bond and the face value payment on the maturity date. A bond's market price depends on its yield to maturity and when the YTM is equal to the coupon rate, the market price equals the face value. Cash payments from preferred stock dividends are scheduled to continue forever. To value businesses, assets, and securities, investors and financial managers use a general valuation model to calculate the future value of the historical net income values and that model unfortunately does not incorporate risk and return, and time value of money concepts. Most of the answers are correct.