James Bond purchased a British -style perpetuity bond (a consort) in 1952 for $1000. The bond has
Fantastic news! We've Found the answer you've been seeking!
Question:
James Bond purchased a British -style perpetuity bond (a consort) in 1952 for $1000. The bond has a coupon rate of 7%.
A) What is the current value of the bond if the current market rate is 6%? Please show math.
B) What is the current value of the bond if the current market rate is 12%? Please show math
Expert Answer:
Posted Date:
