Question
A few years ago the British government was considering retiring, or buying back from investors, some outstanding consols that had annual coupons of pound65. A
A few years ago the British government was considering retiring, or buying back from investors, some outstanding consols that had annual coupons of pound65. A consol is: A. a coupon bond that pays a variable coupon rate and does not mature. B. a coupon bond that pays a fixed coupon rate and has a fixed maturity date. C. a coupon bond that pays a variable coupon and has a fixed maturity date. D. a coupon bond that pays a fixed coupon rate and does not mature. If the yield to maturity on other long-term British government bonds was 2.0%, the price the British government is likely to offer investors is nothing. (Enter your response to a nearest dollar.)?
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