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2. (5 points) An investor purchasing a British consol is entitled to receive annual payments from the British government forever. What is the price of

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2. (5 points) An investor purchasing a British consol is entitled to receive annual payments from the British government forever. What is the price of a consol that pays $150 annually if the next payment occurs one year from today? The market interest rate is 4.6 percent. Hint: An owner of the consols is entitled to receive yearly payments from the British Government forever

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