1. Is ROE a definitive metric of value please explain in detail
2. A bond pays annual interest. Its coupon rate is 7.4%. Its value at maturity is $1,000. It matures in 4 years. Its yield to maturity is currently 4.4%. The duration of this bond is _______ years.
3. Dividends and Income Preference The desire for current income is not a valid explanation of preference for high current dividend policy because investors can always create homemade dividends by selling a portion of their stocks, Is this statement true or false? Why?