Compute the price of a 8818 par value 12 percent coupon


Compute the price of a $ 8,818 par value, 12 percent coupon consol, or perpetual bond (i.e., coupon interest payment is a perpetuity), assuming that the yield to maturity on the bond is 10 percent.

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Business Economics: Compute the price of a 8818 par value 12 percent coupon
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