The british government has a consol bond perpetual bond


The British government has a consol bond (perpetual 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 purchasing the consol bond, then the value of the consol bond is closest to:

Request for Solution File

Ask an Expert for Answer!!
Financial Management: The british government has a consol bond perpetual bond
Reference No:- TGS02838748

Expected delivery within 24 Hours