Question 16 (3.33 points) A preferred stock is currently selling for $76 per share. If the preferred stock is paying a constant dividend of $5, what is the required rate of return on the preferred stock? 1) 6.58% 2) 6.84% 3) 7.14% 4) 7.44% Question 29 (3.33 points) In a the owners are offered the protection of limited liability. 1) sole proprietorship 2) Partnership 3) Non-public (or private) business 4) Corporation