26. You plan to work for 40 years and then retire. When you retire you need $8 million to live comfortably How much do you have to invest in the stock market every month for 40 years (your working life) so that you achieve your goal? The average annual stock market return has been 12%? A) $500 B) $680 C) $6,800 D) $500 E) None of the above 27. There is a perpetuity that pays $75 per year. If the interest rate is 6% what is the PV of This perpetuity? A) $1250 B) $990.12 C) $1104.67 D) $934.07 E) $894.22 28. _______________ bonds are characterized by interest payments that are required only when _______ earnings are available from which to make such payment A) Floating rate B) Income C) Mortgage D) Junk