You will receive a cash flow 6 years from now and at the end of every year after that in perpetuity. Between the present moment and year 6, you will receive nothing. If you need to invest $5,348 at the present moment to capture this opportunity and you require 5.1% return, how much must each future cash flow be?

Enter your answer as a number with four decimal places and without the currency symbol. For example, if your answer is $90.1234, enter 90.1234

You will receive a cash flow 9 years from now and at the end of every year after that in perpetuity. Between the present moment and year 9, you will receive nothing. If you need to invest $3,325.7663 at the present moment to capture this opportunity and you require 7% return, how much must each future cash flow be?

Enter your answer as a number with four decimal places and without the currency symbol. For example, if your answer is $90.1234, enter 90.1234

You are considering buying a share of preferred stock which you plan to hold for 7 years, then sell for $98.93. It has a $6.45 annual dividend and you require 7.62% return. What is the maximum price you should pay for a share of this preferred stock?

Enter your answer as a number with four decimal places and without the currency symbol. For example, if your answer is $90.1234, enter 90.1234

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