Question: An annuity that goes on indefinitely is called a perpetuity. The payments of a perpetuity constitute an is PV of a perpetuity =IPMT A stock

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 an is PV of a perpetuity =IPMT A stock with no maturity is an example of a perpetuity. Quantitative Problem: You own a security that provides an annual dividend of $185 forever. The security's annual return is 9%. What is value of this security? Round your answer to the nearest cent

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