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Perpetual Life Corp. has issued consol bonds with coupon payments of $84. (Consols pay interest forever and never mature. They are perpetuities.) a. If the

Perpetual Life Corp. has issued consol bonds with coupon payments of $84. (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 6.9%, at what price were they sold to the public? Price sold to the public $ b. If the required return today is 6.9%, at what price do the consols sell?

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