1. What is the price of a consol bond that has annual coupon payments of $7500, a an interest rate of 5%,

	$140,000
	$150,000
	$160000
	$7142

2. if a borrower only makes one payment which is equal to the face value of the bond, the bond must be

a consol bond
	coupon bond
	a discount bond
	perpetuity bond