A bond that pays interest forever and has no maturity is a


A bond that pays interest forever and has no maturity is a perpetual bond. In what respect is aperpetual bond similar to a no-growth common stock? Are there preferred stocks that areevaluated similarly to perpetual bonds and other preferred issues that are more like bonds withfinite lives? Explain.

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Business Economics: A bond that pays interest forever and has no maturity is a
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