Consider the following information as it relates to a perpetuity-style security: Relevant rate of return observed in market = 6% per annum compounding half-yearly A regular cash flow of $50 per half year will be paid in perpetuity, with the first cash flow occurring today Which of the following is closest to the PV of the cash flow stream expected of this perpetuity? Group of answer choices

$1,525.24

$1,666.67

$1,716.67

$1,618.12