15) Chittenden Enterprises has 643 million shares outstanding. It expects earnings at the end of the year to be $990 million. The firm's equity cost of capital is 9%. Chittenden pays out 30% of its earnings in total: 20% paid out as dividends and 10% used to repurchase shares. If Chittenden's earnings are expected to grow at a constant 4% per year, what is Chittenden's share price? A) $4.62 B) $2.77 C) $9.24 D) $18.48 5) What is the yield to maturity of a ten-year, $10,000 bond with a 4.6% coupon rate and semiannual coupons if this bond is currently trading for a price of $8785.31? A) 7.50% B) 6.25% C) 8.75% D) 3.13% 6) What must be the price of a $5000 bond with a 6.7% coupon rate, semiannual coupons, and five years to maturity if it has a yield to maturity of 10% APR? A) $3490.37 B) $5235.55 C) $6108.14 D) $4362.96 25 Gonzales Corporation generated free cash flow of $83 million this year. For the next two years, the company's free cash flow is expected to grow at a rate of 8%. After that time, the company's free cash flow is expected to level off to the industry long-term growth rate of 4% per year. If the weighted average cost of capital is 9% and Gonzales Corporation has cash of $100 million, debt of $300 million and 100 million shares outstanding, what is Gonzales Corporation's expected terminal enterprise value in year 2? A) $1812.31 B) $1610.94 C) $1409.57 D) $2013.67