Multiple Choice
The British government has a consol bond outstanding that pays ₤100 in interest each year.Assuming that the current interest rate in Great Britain is 5% and that you will receive your first interest payment one year from now,then the value of the consol bond is closest to:
A) ₤1000.
B) ₤1100.
C) ₤2100.
D) ₤2000.
Correct Answer:
Verified
Correct Answer:
Verified
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