financial mangement

Time Value of Money: Perpetuities A preferred stock with no maturity is an example of a perpetuity. An annuity that goes on indefinitely is called a perpetuity. The payments of a perpetuity constitute a/an infinite series. The equation is: PV of a perpetuity=PT Show All Feedback Show All Feedback Quantitative Problem: You own a security that provides an annual dividend of $105 forever. The security's annual return is 7%. What is the present value of this security? Round your answer to the nearest cent. $ Icon Key Question 14 of 15 Time Value of Money: Perpetuities Check My Work Save Check My Work Question 14 of 15 Submit Assignment for Grading