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Perpetual Life Corp. has issued consol bonds with coupon payments of $82. (Consols pay interest forever and never mature. They are perpetuities.) a. If the

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Perpetual Life Corp. has issued consol bonds with coupon payments of $82. (Consols pay interest forever and never mature. They are perpetuities.) a. If the required rate of return on these bonds at the time they were issued was 12.4%, at what price were they sold to the public? b. If the required return today is 15.2%, at what price do the consols sell

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