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A what is the current value of the bond if the current


James Bond purchased a British -style perpetuity bond (a consort) in 1952 for $1000. The bond has a coupon rate of 7%.

A) What is the current value of the bond if the current market rate is 6%? Please show math.

B) What is the current value of the bond if the current market rate is 12%? Please show math.

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