You own a bond issued by the CP railroad that promises to pay holder Tk. 100 annually forever. You plan to sell the born three years from now. If similar investments yield 6 percent at that time, how much will the boan be worth?

A Tk. 918.79
B Tk. 1,333.34
C Tk. 1,666.67
D Tk. 1,789.42

Correct Answer: Tk. 1,666.67

Polite অর্থ ভদ্র, অন্য বসগুলো শব্দের অর্থ টক বিশেষ।
Bissoy MCQ

Related Questions

What type of bond whose guaranty is in lien on railroad equipment, such as freight and passenger cars, locomotives, etc.?

Next steps