An investor purchasing a british consol is entitled to, Ask an Expert

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An investor purchasing a British consol is entitled to receive annual payments from the British government forever.

What is the price of a consol that pays $210 annually if the next payment occurs one year from today? The market interest rate is 4 percent.

(Round your answer to 2 decimal places, e.g., 32.16.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92794320

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