Search 233 FUNDAMENTALS OF CORPORATE FINANCE) 24. Which of the following defines an annuity due? (2 points) Infinite series of equal payments Infinite series of equal payments that occur at irregular intervals An annuity whose first payment occurs at the beginning of the period Fin te enies of equal payments that occur at irregular intervals annuity whose first payment occurs at the end of the penod 25. Which of the following is the most liquid asset? (2 points) Prepaid expenses Accounts recevable Cash Inventor Reues