The price of a consol that paying $85 annually is $1,416.67 when the interest rate is 6 percent. If the interest rate fall by 1 percent, the price of the consol is Select one: a. $1,700. b. $700. c. $1,400. d. $1,000.
The price of a consol that paying $85 annually is $1,416.67 when the interest rate is 6 percent. If the interest rate fall by 1 percent, the price of the consol is Select one: a. $1,700. b. $700. c. $1,400. d. $1,000.
Chapter13: Capital, Interest, Entrepreneurship, And Corporate Finance
Section: Chapter Questions
Problem 1.3P
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