practice exam questions #18 to fund its wars against napolean, the british government sold consol bonds. They were referred to as "perpetuities" because they would pay $3 every year in perpetuity. a. if a citizen could purchase a consol for $25 what would its annual interest rate be? b.what if the price were $50? c. what if the price were $100
practice exam questions #18 to fund its wars against napolean, the british government sold consol bonds. They were referred to as "perpetuities" because they would pay $3 every year in perpetuity. a. if a citizen could purchase a consol for $25 what would its annual interest rate be? b.what if the price were $50? c. what if the price were $100
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter13: Capital, Interest, Entrepreneurship, And Corporate Finance
Section: Chapter Questions
Problem 13PAE
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practice exam questions
#18
to fund its wars against napolean, the british government sold consol bonds. They were referred to as "perpetuities" because they would pay $3 every year in perpetuity.
a. if a citizen could purchase a consol for $25 what would its annual interest rate be?
b.what if the price were $50?
c. what if the price were $100
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