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The British government has a consol bond outstanding paying 100 per year forever. Assume the current interest rate is 12% per year. a. What is

The British government has a consol bond outstanding paying 100 per year forever. Assume the current interest rate is 12% per year.

a. What is the value of the bond immediately after a payment is made?

The value of the bond immediately after a payment is made is ? (round to the nearest pound)

b. What is the value of the bond immediately before a payment is made?

The value of the bond immediately before a payment is made is ? (round to the nearest pound)

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