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SEHAS Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $ 800 per year forever. If

SEHAS Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $ 800 per year forever. If the required return on this investment is 12.00% convertible continuously, how much will you pay (today) for the policy?

a.

6,059.88

b.

6,219.63

c.

6,112.26

d.

6,165.51

e.

6,274.66

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