If a consol (perpetuity) has a yearly coupon payment of $40 and a yield to maturity of 5% then the price of the consol is Select one: O A. $600 O B. $700 $900 D. $800
If a consol (perpetuity) has a yearly coupon payment of $40 and a yield to maturity of 5% then the price of the consol is Select one: O A. $600 O B. $700 $900 D. $800
Chapter2: The Domestic And International Financial Marketplace
Section: Chapter Questions
Problem 4P
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