Question: Consider a consol ( perpetuity ) that promises to pay $ 2 0 per year forever at an interest rate of 5 % . What

Consider a consol (perpetuity) that promises to pay $20 per year forever at an interest rate of 5%. What would the price of the consol be?
$40
$400
$4
$4,000
Consider a consol ( perpetuity ) that promises to

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