Which of the following statements regarding perpetuities is correct? A perpetuity is defined as equal cash flows occurring at equal intervals of time for a specific number of periods. A perpetuity is defined as unequal cash flows occurring at equal intervals of time for a specific number of periods A perpetuity is defined as equal cash flows occurring at equal intervals of time forever We would use the perpetuity formula to find the PV a 20 year fixed coupon bond.