QUESTION 9 Olli Discount Stores has 66 million shares of common stock with a book value of 20 per share and a current market price of $28 per share. A dividend of $3.19 is expected to be paid next year. Dividends are projected to grow at 1.1% each year thereafter. The firm's outstanding bonds have a total face value of 563 million, a maturity of 25 years, a 4.50% semi-annual coupon, and are selling currently for 94% of par value. The marginal tax rate is 21%. What is the discount rate Olli will use to evaluate projects? (Enter your answer as a percentage to two decimals.) QUESTION 10 Suppose the credit spread for 8-year BB bonds is 100 basis points and the yield-to-maturity for similar Treasuries is 4% What is the price of a BB bond with semi- annual 5.3% coupons and a par value of $1007 QUESTION 11 A firm's expected free cash flow is $70.6 million beginning in one year and continuing in perpetuity at a growth rate of 3.6% and a WACC of 13.4%. It has 72 million shares outstanding. It also has bonds with a total market value of 1.86 billion and holds $2.858.6 million in cash. What is its stock price according to the FCF Method? (Enter your answer in millions up to two decimals, e.g.enter 5,254,8294 as 5.25) QUESTION 12 Click Save and Submit to save and submit. Click Save All Answers to see all answer Saw All Answers