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    Tinajacsn's Avatar
    Tinajacsn Posts: 1, Reputation: 1
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    Aug 1, 2009, 07:40 PM
    Consol bonds
    A company has issued consol bonds with coupon payments of $60. 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?
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    morgaine300 Posts: 6,561, Reputation: 276
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    Aug 1, 2009, 09:06 PM

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Consol Bonds [ 1 Answers ]

. 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...

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