A stock sells for $20. The next dividend will be $3 per share. If the rate of return earned on reinvested funds is a constant 12% and the company reinvests 50% of earnings in the firm, what must be the discount rate? (Enter your answer as a whole percent) Discount rate Five years ago bonds were issued at par with 42 years until maturity and a 9% annual coupon. If interest rates for that grade of bonds are currently 7%, what will be the market price of these bonds now? Multiple Choice $100987 O $1,89351 St.262 34 $1,514 81 Suppose a bond is priced at $89.00, has 24 years remaining until maturity, and has a 10% coupon, paid monthly What is the amount of the next interest payment? Multiple Choice O $100.00 $8910 5742 5833