What does it mean to own a stock? You may know that a stock is an investment and that it can go up or down, but there is more to owning a stock than that. When you own a stock, you own a fraction of the company. If it is just one stock, then it is likely an incredibly small fraction, but institutional investors and even some individuals may accumulate enough stock in a company to own a significant portion of the company. It is important for you, as a shareholder of the company, to understand that you may be entitled to certain privileges, such as voting rights or dividends. Additionally, there are different types of stocks (e.g., common and preferred), and you should understand the difference between them before making an investment decision in a company. For this Assignment, you will explain the differences between common stock and preferred stock, as well as explain other aspects of common stocks, such as potential total return and valuation. You will describe how dividends affect stocks and their total returns.What are a few differences between common stock and preferred stock? (75–150 words, or 1–2 paragraphs)What makes up the potential total return of a common stock that you purchase? (75–150 words, or 1–2 paragraphs)Why are stocks generally more difficult to value than bonds? (75–150 words, or 1–2 paragraphs)Why might a company choose to not pay dividends? (75–150 words, or 1–2 paragraphs)Under what two assumptions can you use the dividend growth model to determine the value of a share of stock? (150–225 words, or 2–3 paragraphs)Based on the dividend growth model, what are the two components of the total return on a share of common stock? Which do you think is typically larger? (75–150 words, or 1–2 paragraphs)

EX16_AC_CH03_GRADER_CAP_HW - Northwind Traders Project Description: Northwind Traders, an international gourmet food distributor, hired a new CEO. She asked for your assistance in providing summaries of data that took place before she started with the company. To help her with her strategic planning, you will create queries to perform data analysis. Based on your meeting, you plan on creating four queries. One query will find orders with minor delays. Another query will summarize the cost impact of customer discounts. A third query will be used to help evaluate financing. The final query will calculate the total sales by country. Instructions: For the purpose of grading the project you are required to perform the following tasks: Step Instructions Points Possible 1 Start Access. Open the downloaded Access file named exploring_a03_Grader_h1. 0 2 Create a query using Query Design. From the Customers table, include the fields CompanyName, ContactName, ContactTitle, and Phone (in that order). From the Orders table, include the fields OrderID, OrderDate, and ShippedDate (in that order). Run the query and then examine the records. Save the query as Shipping Efficiency. 5 3 Add a calculated field named DaysToShip to calculate the number of days taken to fill each order. (Hint: the expression will include the OrderDate and ShippedDate fields; the results will not contain negative numbers.) Run the query and then examine the results. Save the query. 10 4 Add criteria to limit the query results to include any order that took more than 30 days to ship. 5 5 Add the Quantity field from the Order Details table and the ProductName field from the Products table to the query (in that order). Sort the query by ascending CompanyName. 5 6 Add the caption Days to Ship to the DaysToShip field. Switch to Datasheet view to view the final results. Save and close the query. 5 7 Create a query using Query Design and add the Orders, Order Details, Products, and Customers tables. Add the fields OrderID and OrderDate (in that order) from the Orders table. Set both fields' Total rows to Group By. 5 8 Add a calculated field in the third column. Name the field ExtendedAmount. This field should multiply the quantity ordered (from the Order details table) by the unit price for that item (from the Products table). Format the calculated field as Currency and change the caption to Total Dollars. Change the Total row for the ExtendedAmount field to Sum. 10 9 Add a calculated field in the fourth column. Name the field DiscountAmount. The field should multiply the number of items ordered, the price per item, and the discount field. This will calculate the total discount for each order. Format the calculated field as Currency, and add a caption of Discount Amt. Change the Total row to Sum. Run the query. Save the query as Order Summary. Return to Design view. 10 10 Add criteria to the OrderDate field so only orders made between 1/1/2016 and 12/31/2016 are displayed. Change the Total row to Where. This expression will display only orders that were created in 2016. Run the query and view the results. Save and close the query. 10 11 Create a copy of the Order Summary query named Order Financing. Switch to Design view of the new query and remove the DiscountAmount field. 5 12 Add a new field using the Expression Builder named SamplePayment. Insert the Pmt function with the following parameters: • Use .05/12 for the rate argument (5% interest, paid monthly) • Use the number 12 for the num_periods argument (12 months) • Use the calculated field ExtendedAmount for the present_value • Use 0 for both future_value and type 10 13 Change the Total row to Expression for the SamplePayment field. Change the Format for the SamplePayment field to Currency. Run the query and verify the second order has a sample payment of $125.84. Note: it will display as a negative number. Save and close the query. 10 14 Create a copy of the Order Summary query named Order Summary by Country. Replace the OrderID field with the Country field in Design view of the new query. 5 15 Run the query and then examine the summary records; there should be 5 countries listed. Switch to Design view and change the sort order so that the country with the highest ExtendedAmount is first and the country with the lowest ExtendedAmount is last. Run the query and verify the results. Save and close the query. 5 16 Close all database objects. Close the database and then exit Access. Submit the database as directed. 0 Total Points 100