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2.1-2.2: The U.S. government has a consol bond which pays $100 per year forever. Assume the current interest rate is 3% per year. 2.1 What

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2.1-2.2: The U.S. government has a consol bond which pays $100 per year forever. Assume the current interest rate is 3% per year. 2.1 What is the value of the consol bond immediately after a payment is made? 2.2 What is the value of the consol bond immediately before a payment is made

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