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35 Assuming a discount rate of 5.10% p.a., an investor will be indifferent between receiving $.__---__ today and receiving $100 per year forever, with the

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Assuming a discount rate of 5.10% p.a., an investor will be indifferent between receiving $.__---__ today and receiving $100 per year forever, with the first payment to be received exactly four years from today (at t = 4). 1) 1,548.39 O2) 1,454.76 4 3) 1,312.00 4) 1,688.97 5) 1,615.99

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