A perpetual bond pays a coupon rate of 4% per annum. The alternative to buying the perpetual bond is an 8%, 20-year, corporate bond. What would be the price of the perpetual bond? Select one: O a. $750.00 O b. There is no such thing as a perpetual bond O c. $500.00 O d. $666.67 O e. $567.69 A perpetual bond pays a coupon rate of 4% per annum. The alternative to buying the perpetual bond is an 8%, 20-year, corporate bond. What would be the price of the perpetual bond? Select one: O a. $750.00 O b. There is no such thing as a perpetual bond O c. $500.00 O d. $666.67 O e. $567.69