What is the price of a consol with a coupon payment of $200 per year if the
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What is the price of a consol with a coupon payment of $200 per year if the interest rate is 10 percent? What is the interest rate on a consol if the coupon payment is $400 and the price of the consol is $8,000? (See Appendix 5A.)
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An Introduction To Financial Markets And Institutions
ISBN: 978-0765622761
2nd Edition
Authors: Maureen Burton ,Reynold F. Nesiba ,Bruce Brown
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