Question: istory Bookmarks Window Help Seved Help S Problem 6-13 Pricing Consol Bonds (LO2) Perpetual Life Corp. has issued consol bonds with coupon payments of $90.

istory Bookmarks Window Help Seved Help S Problem 6-13 Pricing Consol Bonds (LO2) Perpetual Life Corp. has issued consol bonds with coupon payments of $90. (Consols pay interest forever and never mature. They are perpetuities) a. Ifthe required rate of return on these bonds at the time they were issued was 6.0%, at what price were they sold to the public? Price sold to the public b. If the required return today is 12.0%, at what price do the consols sell? Current price

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