Examlex
The British government has a consol 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 immediately upon purchasing the consol bond,then the value of the consol bond is closest to:
Legislation
Laws or statutes enacted by a government's legislative body.
Limited Partnership Agreement
A contract among partners in which some are liable only up to the amount of their investments while others are fully liable.
Limited Partners
Investors in a limited partnership who contribute capital but do not participate in management and whose liability for the partnership's debts is limited to their investment.
General Partners
Individuals in a partnership who share unlimited personal liability for the debts and obligations of the business, and who typically take part in managing the operations of the partnership.
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