Question 14 (4 points) In the corporate form of organization, which one of the following can be regarded as advantages? |- The ability to raise large sums of equity capital 11- Easy transfer of ownership III- Limited liability for all owners IV- Profits are taxes only at the corporate level 1) I and II only 2) III and IV only 3) 1, II, and III only 4) I, II, III, and IV Question 12 (4 points) A preferred stock is currently selling for $96 per share. If the preferred stock is paying a constant dividend of $7, what is the required rate of return on the preferred stock? 1) 6.58% 2) 6.84% 3) 7.14% 4) 7.29%