Question: If the required return on a bond does not change from one year to the next, then the price of a perpetual bond (Ignore changes

If the required return on a bond does not change from one year to the next, then the price of a perpetual bond (Ignore changes in default risk) a) will drop over the same period. b) none of the above c) will rise over the same period. d) will remain constant over the same period

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