Apple issues an annual coupon bond. The bond has face value of $1,000, a coupon rate of 2%, a YTM of 6%, and 12 years to maturity. If the bond does not default, what is the discount rate? You want to invest in Lululemon. They expect to pay a $6.9 dividend next year. The cost of capital for Lululemon is 11% and the growth rate of the dividend is expected to be 5%. What is the price of the stock? (Do not include dollar sign in answer)