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.
Now Priced at $10 (50% Discount)
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compute the price of a 8818 par value 12 percent coupon consol or perpetual bond ie coupon interest payment is a
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