11. (4 points) An option that gives the holder the right to sell a stock at a specified price at some future time is A) a put option B) an out-of-the-money option D) a covered option C) a call option 12.6 points) An option that gives the holder the right to buy a stock at a specified price at some future time is A) a put option B) an out-of-the-money option C) a covered option D) a call option 13. (10 points) A stock is expected to pay a dividend of St at the end of the year. The required rate of return is rs 12%, and the expected constant growth rate is g 8% What is the stock's current price? 14. (10 points) UD40 - $2.25, g (which is constant) -5%, and Po - S40, what is the stock's expected dividend yield for the coming year? 15. (10 points) DI$1.50g (which is constant) 5.8% and PO-556, what is the stock's expected capital gains yield for the coming year