You are buying a perpetuity with annual payments as follows Payment of X at the end of the first year and every three years thereafter. Payment of X+1 at the end of the second year and every three years thereafter. Payment of X+2 at the end of the third year and every three years thereafter The interest rate is 5% convertible semi-annually. If the present value is 40, Calculate You are buying a perpetuity with annual payments as follows Payment of X at the end of the first year and every three years thereafter. Payment of X+1 at the end of the second year and every three years thereafter. Payment of X+2 at the end of the third year and every three years thereafter The interest rate is 5% convertible semi-annually. If the present value is 40, Calculate