What is the growth rate in per capital annual income during


1. The price of a bond issued by Wal-Mart has is $985 today in the market. If this bond pays 6% coupon rate with payments made semi-annually and has 9 years to mature with par value of $1,000. What is the current yield to maturity on this bond?

2. Assuming the per capita annual income of Roman citizens in the year 0 was $500, and the per capita annual income of Italian citizens in 2000 is $32,000, what is the growth rate in per capital annual income during this period?

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Financial Management: What is the growth rate in per capital annual income during
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