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The British government has a consol bond outstanding that pays £20 in interest each year. Assuming that the current interest rate in Great Britain is 4% and that you will receive your first interest

The British government has a consol bond outstanding that pays £20 in interest each year. Assuming that the current interest rate in Great Britain is 4% and that you will receive your first interest payment one year from now, then the value of the consol bond is closest to OA) E1009 o B) 1000 OCE500 D) £201 E) 550

Apr 18 2021 View more View Less

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