Question 13 2 pts Emu Ltd needs to raise additional debt financing through the issue of $56 million worth of corporate bonds. It will have a face value of $1,000 and will mature in 15 years. These will be issued as 10% p.a. semi-annual coupon bonds. The current yield to maturity on corporate bonds with similar risk is 8.5% p.a. compounding semi-annually. How many bonds must Emu Ltd issue to raise their required amount of capital? 49,327 49,653 49,741 49,501 49,215 Question 12 2 pts Koala Co and Kangaroo Ltd are comparable companies. They will both be able to generate a return on equity of 7.4% p.a. compounding quarterly. Koala Co has a current share price of $5, is forecasted to pay an annual dividend of 20 cents per share next year and has a dividend payout ratio of 60%. Kangaroo Ltd has a current share price of $10.25, is forecasted to pay an annual dividend of 35 cents per share next year but has a lower dividend payout ratio of 50%. What are the implied growth rates and discount rates, respectively, of these two stocks? Koala Co: growth rate = 3.043%, discount rate = 7.043%; Kangaroo Ltd: growth rate = 3.804%, discount rate = 7.219% Koala Co: growth rate = 4.565%, discount rate = 8.565%; Kangaroo Ltd: growth rate = 3.804%, discount rate = 7.219% None of the options Koala Co: growth rate = 3.043%, discount rate = 7.043%; Kangaroo Ltd: growth rate = 4.106%, discount rate = 7.521% Koala Co: growth rate = 3.963%, discount rate = 7.963%; Kangaroo Ltd: growth rate = 3.450%, discount rate = 6.865%