Value common stock using the constant-growth model.

Describe the different market-price-based ratios for judging a stock's price.

Distinguish between growth and value stocks and their role in portfolio management.

Describe the mechanics of dividend payments.

Describe the key characteristics of other equity instruments, including ADRs and preferred stock.

Describe the key characteristics of stock-like instruments used in employee compensation, as well as those of nontraditional investments.

Describe the key characteristics of rights, warrants, and limited partnerships.

Describe the nine-step investment process and identify the six common components of an investment policy statement.

Describe the relationship between the number of securities in a portfolio, the types of securities in a portfolio, and the riskiness of a portfolio.

Explain the key issues associated with portfolio rebalancing.