Problem 6-13 Pricing Consol Bonds (LO2) Perpetual Life Corp. has issued consol bonds with coupon payments of $30 (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 6.0%, at what price were they sold to the public? Price sold to the public b. If the required return today as 80%, at what price do the consols sell? Cinent price