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Consols

A Dictionary of Business and Management | 2006 | © A Dictionary of Business and Management 2006, originally published by Oxford University Press 2006. (Hide copyright information) Copyright

Consols Government securities that pay interest but have no redemption date. The present bonds, called consolidated annuities or consolidated stock, are the result of merging several loans at various different times going back to the 18th century. Their original interest rate was 3% on the nominal price of £100; some now pay 2½% and therefore stand at a price that makes their annual yield comparable to long-dated gilt-edged securities, e.g. at £31 they yield about 8%.

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Related newspaper, magazine, and trade journal articles from HighBeam Research

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CONSOL Energy Shareholders Approve Proposals at Annual Meeting.
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CONSOL Energy to Issue 11 Million Shares of New Common Stock in Private Sale; Majority Owner RWE to Sell 14.1 Million Shares of Its CNX Stock.
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CONSOL ENERGY TO ACQUIRE INTEREST IN AUSTRALIAN MINE.
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CONSOL Energy's Largest Shareholder Sells Additional Shares.
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Book article from: The Oxford Companion to British History ...established in 1752 as ‘3 per cent consols’. While this investment was...nominal rate remained fixed, the fact that consols were actively traded amongst merchants...speculators caused the value to vary. Consols sold above par yielded a lower rate of...