Probleman investor purchasing a british consol is entitled, Ask an Expert

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Problem:

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

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Question: What is the price of a consol that pays $180 annually if the next payment occurs one year from today? The market interest rate is 4.3 percent.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91147678

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