Which of the following are characteristics of a perpetuity? Check all that apply.

A.The principal amount of a perpetuity is repaid as a lump-sum amount.

B.The value of a perpetuity is calculated by dividing the payment amount by the interest rate.

C.A perpetuity continues for a fixed time period.

D.In a perpetuity, returns are earned in the form of a series of cash flows.

E. A perpetuity is a constant, infinite stream of identical cash flows.