How much is each of the consols worth in todays market, Financial Management

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How much is each of the consols worth in todays market

Problem

Consols, a type of bond issued by the British government, offer their holders continuous payments at the end of each year indefinitely. Let's say one of such consols offers $2 payments. The rate of return on these consols is 5.42%. How much is each of these consols worth in today's market?

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Financial Management: How much is each of the consols worth in todays market

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Financial Management: How much is each of the consols worth in todays market

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