2.3 If the price of Lowes preference shares is R30 and the company pays a dividend of R2, what is the discount rate/required rate of return used by the company? (5) 2.4 Miller Corporation has a premium bond making semi-annual payments. The bond pays a 9 percent coupon, has a discount rate of 7 percent, and has 8 years to maturity. I the bonds face value is R10 000 000, what is the price of this bond today?