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What is the value of the bond immediately

Question:

If the British government has a consol bond outstanding paying 100 pound per year forever. Assume the current intrest rate is 4% per year. What is the value of the bond immediately after a payment is made? What is the value of the bond immediately before a payment is made?

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Finance Basics: What is the value of the bond immediately

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Finance Basics: What is the value of the bond immediately

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