help with this

Score: 0 of 1 pt 9 of 16 (8 complete) HW Score: 40.63%, 6.5 of 16 pts P4-15 (similar to) Question Help Perpetuities. The Canadian Government has once again decided to issue a consol (a bond with a never-ending interest payment and no maturity date). The bond will pay $70 in interest each year (at the end of the year), but it will never return the principal. The current discount rate for Canadian government bonds is 5%. What should this consol bond sell for in the market? What if the interest rate should fall to 4%? Rise to 6%? Why does the price go up when interest rates fall? Why does the price go down when interest rates rise? If the current discount rate for Canadian government bonds is 5%, what should this bond sell for in the market? (Round to the nearest cent. )