A consol bond is a bond that
A. pays interest annually and its face value at maturity.
B. pays interest in perpetuity and never matures.
C. pays no interest but pays face value at maturity.
D. rises in value as its yield to maturity rises.
Answer:B
A consol bond is a bond that
A. pays interest annually and its face value at maturity.
 B. pays interest in perpetuity and never matures.
 C. pays no interest but pays face value at maturity.
 D. rises in value as its yield to maturity rises.
