Question: 6 ) Perpetuity bonds, or consols, do not have a time to maturity ( go on forever ) . If a consol has a price

6) Perpetuity bonds, or consols, do not have a time to maturity (go on forever). If a consol has a price of $970 and a coupon rate of 7%, what is its YTM? Solvable to exact solution with algebra if you understand definition of YTM

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