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15. Use your knowledge of bond pricing to explain under what circumstances you would be willing to pay the same price for a consol
15. Use your knowledge of bond pricing to explain under what circumstances you would be willing to pay the same price for a consol that pays $5 a year forever and a 5 percent, 10-year coupon bond with a face value of $100 that only makes annual coupon payments for 10 years. (LO1)
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