12. Which one of the following statements is correct? A. Preferred stock is a form of corporate equity B. All classes of stock have equal voting rights per share C. Common shareholders elect the corporate directors while the preferred shareholders vote on mergers and acquisitions D. Dividends are tax-free income for individual investors E. Preemptive right does not allow stockholders to share proportionally in firms' new stock sold. 13. Samsung just paid its annual dividend of $1.45 a share. The firm recently announced that all future dividends will be increased by 2.8 percent annually. What is one share of this stock worth to you if you requ 14 percent rate of return? A. $12.56 B. S12.95 C. $13.31 D. $13.68 E. S14.07 \14. The capital gains yield equals which one of the following? A. Total yield B. Current discount rate C. Market rate of return D. Dividend yield E. Dividend growth rate