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series. The equation is: Time Value of Money: Perpetuities An annuity that goes on indefinitely...

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series. The equation is: Time Value of Money: Perpetuities An annuity that goes on indefinitely is called a perpetuity. The payments of a perpetuity constitute a/an infinite PV of a perpetuity = A preferred stock with no maturity is an example of a perpetuity. PMT Show All Feedback Quantitative Problem: You own a security that provides an annual dividend of $150 forever. The security's annual return is 5%. What is the present value of this security? Do not round intermediate calculations. Round your answer to the nearest cent. $

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