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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 one year from now,then the value of the consol bond is closest to:
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Q53: Consider the following timeline: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2790/.jpg" alt="Consider
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