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Richard Plodhavens owns a British Consul, a security which pays the equivalent of $ 3 0 0 0 U . S . each year on

Richard Plodhavens owns a British Consul, a security which pays the equivalent
of $3000 U.S. each year on February 1, forever. Richard has recently considered
selling the security. The current interest rate is 6%
a. What is the minimum sales price he must be offered to should consider
selling the Consul, after February 1?
b. Joe Miller offers to purchase the Richard's Consul, but wants to buy it on
January 30. Should Joe change his price in (a)? If so, why and what price
should he offer?
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