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Perpetual Life Corp. has issued consol bonds with coupon payments of $40. (Consols pay interest forever and never mature. They are perpetuities.)
a. If the required rate of return on these bonds at the time they were issued was 4%, at what price were they sold to the public?
Price sold to the public $
b. If the required return today is 8%, at what price do the consols sell?
Current price $
Assume you are presenting your budget and the business owner asks you about the projected growth in sales over the 5-year period. How would you defend the growth in sales for your particular company? What information would you use as support?
Double taxation on profits is:
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