Suppose a firm's price/earnings ratio is 10. It expects to pay a dividend of $1.20 per share to maintain a 60 percent payout ratio. What is the firm's required return if its return on equity is 13.5 percent? 14.10% 13.20% 12,30% 11.40% Question 9 1 pts In which of the following ways are some preferred shares similar to bonds? L. Call prowisions II. Convertible features III. Retraction provisions N. Rated by rating agencies 1. II, and III 1. II, and IV II and III I, II, III, and IV Question 10 1 pts Renk the risk of the following securities from lowest to highest. L. Long-term unsecured debt II. Convertible preferred shares III. Comman equity IV. Bank loans I.II. III.IV IV,III,II,I I. II, IV, IV, 1