29 What is the present value of a preferred share that will pay $3.5 in dividends per year forever if the current rate of return is 2.7%7 $ ut of 30 You just bought a condo and have a $400,000 30-year mortgage, Interest rate of 5% annually Annual payments of $26,021 are due at the end of each year. How much is the mortgage balance after you make the first payment? $ d out of