Problem 5-10 Present Value of a Perpetuity (LG5-5) What's the present value, when interest rates are 8.0 percent, of a $175 payment made every year forever? (Round your answer to 2 decimal places.) Time to maturity A bond issued by a corporation on September 1, ? Time to maturity A bond issued by a corporation on September 1, 1989 is scheduled to mature on September 1, 2051. If today is September 2, 2000, what is the bond's time to maturity? 42 years 62 years 51 years 20 years