What is the price of a consol that pays

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Reference no: EM131512277

An investor purchasing a British consol is entitled to receive annual payments from the British government forever. What is the price of a consol that pays $210 annually if the next payment occurs one year from today? The market interest rate is 4 percent. (Round your answer to 2 decimal places, e.g., 32.16.)

Reference no: EM131512277

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