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Assuming then we have a perpetuity (consol) with an expected yearly payment of $80 selling at a market price (P c ) of $1000, solve
Assuming then we have a perpetuity (consol) with an expected yearly payment of $80 selling at a market price (Pc) of $1000, solve for the consol bond's required return (ic).
(State your solution in percentage form rounded to the nearest one-hundredth of one-percent: X.XX%.)
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