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johnpaech johnpaech
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6 years ago
The British government has a consol bond outstanding that pays ₤100 in interest each year.  Assuming that the current interest rate in Great Britain is 5% and that you will receive your first interest payment immediately upon purchasing the consol bond, then the value of the consol bond is closest to:
A) ₤2000
B) ₤2100
C) ₤1000
D) ₤1100
Textbook 
Corporate Finance: The Core

Corporate Finance: The Core


Edition: 4th
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deusmarotodeusmaroto
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6 years ago
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