Question 11 2 pts Joel Caballo Corp. is considering issuing preferred stock. The preferred stock would have a par value of $120, and a 6.75 percent dividend. What is the cost of preferred stock for Caballo if flotation costs would amount to 5.5 percent of par value? 6.75% 5.5% 5.76% 7.14% Previous Next > Question 12 2 pts You are evaluating the purchase of Charbridge, Inc. common stock which currently pays no dividend and is not expected to do so for many years. Because of rapidly growing sales and profits, you believe the stock will be worth $51.50 in 3 years. If your required rate of return is 16%, what is the stock worth today? $32.99 $25.94 $43.18 $48.75