Question
Explain using a numberical example how a consol (perpetuity) is able to pay periodically significant amounts for ever and still have a rather logical value
Explain using a numberical example how a consol (perpetuity) is able to pay periodically significant amounts for ever and still have a rather logical value (always in the context of corporate finance investments).
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Lets say a company issues a perpetuity also known as a consol with a face value of 1000 and ...Get Instant Access to Expert-Tailored Solutions
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
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