jalupinya
Oct 21, 2007, 05:16 AM
. Consol Bonds. Perpetual Life Corp. has issued consol bonds with coupon payments of $60.
(Consols pay interest forever and never mature. They are perpetuities.) If the required rate of return on these bonds at the time they were issued was 6 percent, at what price were they sold to the public? If the required return today is 10 percent, at what price do the consols sell?
(Consols pay interest forever and never mature. They are perpetuities.) If the required rate of return on these bonds at the time they were issued was 6 percent, at what price were they sold to the public? If the required return today is 10 percent, at what price do the consols sell?