26-27 Question 26 What is the present value of the perpetuity due which pays $100 per year...

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Question 26 What is the present value of the perpetuity due which pays $100 per year from the beginning of the first year, if the effective annual rate is 1%? (use an integer number for your answer, such as 1234) *This question has a weight of two correctness points. Typed numeric answer will be automatically saved. Question 27 You have just purchased a share of preferred stock for $50.00. The preferred stock pays an annual dividend of $5.50 per share forever. What is the rate of return on your investment? Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. 5.5% b 1.0% 11.0% d 22.2% Question 26 What is the present value of the perpetuity due which pays $100 per year from the beginning of the first year, if the effective annual rate is 1%? (use an integer number for your answer, such as 1234) *This question has a weight of two correctness points. Typed numeric answer will be automatically saved. Question 27 You have just purchased a share of preferred stock for $50.00. The preferred stock pays an annual dividend of $5.50 per share forever. What is the rate of return on your investment? Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. 5.5% b 1.0% 11.0% d 22.2%