An outstanding issue of preferred stock pays an annual dividend of $7.50 per share. If the required return on this preferred stock is 65%, at what price should the preferred stock sell? Select one O a. $104.27 O b. $106.95 O c $109 69 O d. $112.50 $115.38 Which of the following statements is NOT TRUE? Select one O a Going public establishes a true market value for the firm and ensures that a liquid market will always exist for the firm's shares O b. When a corporation's shares are owned by a few individuals who are associated with, or are the firm's management, we say that the firm is "closely held" O C A publicly owned corporation is a company whose shares are held by the investing public which may include other corporations and institutions as well as individuals d. When stock in a corporation is offered to the public for the first time the transaction is called an "IPO" and the market for such stock is called the primary market