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Perpetual Life Corp. has issued consol bonds with coupon payments of $65. (Consols pay interest forever and never mature. They are perpetuities.) Check my W

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Perpetual Life Corp. has issued consol bonds with coupon payments of $65. (Consols pay interest forever and never mature. They are perpetuities.) Check my W a. If the required rate of return on these bonds at the time they were issued was 5.0%, at what price were they sold to t public? Price sold to the public b. If the required return today is 10.0 %, at what price do the consols sell? Current price Activate Windows

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