Suppose a perpetual bond pays $3000/yr to its owner. What is the price of the bond at

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Suppose a perpetual bond pays $3000/yr to its owner. What is the price of the bond at 5 percent interest? At 6 percent?

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Microeconomics and Behavior

ISBN: 978-0078021695

9th edition

Authors: Robert Frank

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Question Posted: Dec 12, 2014 10:24 AM

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Suppose a perpetual bond pays $3000/yr to its owner. What is the price of the bond at

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Microeconomics and Behavior

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