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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 $ US each year on February forever. Richard has recently considered
selling the security. The current interest rate is
a What is the minimum sales price he must be offered to should consider
selling the Consul, after February
b Joe Miller offers to purchase the Richard's Consul, but wants to buy it on
January Should Joe change his price in a If so why and what price
should he offer?
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