With a consol, a level rate of interest is paid
A) until the end of the recession.
B) weekly.
C) to a charity of the bondholder's choosing.
D) forever.

Name: With a consol, a level rate of interest is paid A) until the end of the recession. B) weekly. C) to a charity of the bondholder's choosing. D) forever.
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Question

Quizplus · Accepted Answer

A consol is a type of bond that pays an annual interest rate forever, without a maturity date, meaning the principal is never repaid and interest payments continue indefinitely.

With a Consol, a Level Rate of Interest Is Paid