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The Canadian Government has once again decided to issue a consol ( a bond with a never - ending interest payment and no maturity date
The Canadian Government has once again decided to issue a consol a bond with a neverending interest payment and no maturity date The bond will pay $ in interest each year at the end of the year but it will never return the principal. The current discount rate for Canadian government bonds is What should this consol bond sell for in the market?
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