3. What is the present value of the following cash flow stream? r-10% PV-? 300 300 300 300 0 10.. 19 20 A. $ 954 B. $1,094 C. $ 994 D. $2,509 4. A perpetuity has an annual payment level of $43 and a current market price of $405.66. What is the implied return for this situation? A. 9.76% B. 10.23% C. 10.41% D. 10.60% 5. Take the same perpetuity in the previous question and move yourself forward in time to timepoint 2. Now, standing at timepoint 2, calculate what market price P2 you would expect, on average, to see for this security A. $473 B. $432 C. $406 D. $520