1. If sales growth can be controlled each of the first five years to maximize shareholder wealth, what would be the best rates of growth each of the 5 years (growth must not be more than 100%) and why?
2. What is the value of a bond that has a par value of $1,000, a coupon rate of 11.93 percent (paid annually), and that matures in 30 years? Assume a required rate or return on this bond is 8.36 percent.
Round the answer to two decimal places in percentage form.