Question: An annuity that goes on indefinitely is called a perpetuity. The payments of a perpetuity constitute a/an -Select series. The equation is: PV of a

An annuity that goes on indefinitely is called a perpetuity. The

An annuity that goes on indefinitely is called a perpetuity. The payments of a perpetuity constitute a/an -Select series. The equation is: PV of a perpetuity = 1 PMT A -Select- stock with no maturity is an example of a perpetuity. Quantitative Problem: You own a security that provides an annual dividend of $135 forever. The security's annual return is 4%. What is the present value of this security? Round your answer to the nearest cent. $

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