11. The _______ is defined as the present value of all cash proceeds to the investor in the stock.

A. dividend payout ratio

B. intrinsic value

C. market capitalization rate

D. plowback ratio

E. None of these is correct

12.The _________ is the fraction of earnings reinvested in the firm.

A. dividend payout ratio

B. retention rate

C. plowback ratio

D. dividend payout ratio and plowback ratio

E. retention rate and plowback ratio