Question
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
| 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 $160 annually if the next payment occurs one year from today? The market rate is 4.7 percent. (Round your answer to 2 decimal places, e.g., 32.16.)
What is the present value? |
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Dave Ramseys Complete Guide To Money
Authors: Dave Ramsey
1st Edition
1937077209, 978-1937077204
