4 ms·
The British War Loan is not a comparable that supports your point, because it is callable.
by wtn 14y ago
The British War Loan is not a comparable that supports your point, because it is callable.
- JumpCrisscross 14y agoFair point, though it stands to be mentioned that this would require an Act of Parliament and hasn't happened since consols were first offered in 1751 (though the coupon was reduced through 1903).