Multiple Choice
Which of the following could be considered a form of perpetuity?
A) The college tuition payments that students make for four years.
B) A 20-year corporate bond.
C) A university scholarship endowment that promises to pay out $10,000 per year for an indefinite time period.
D) A contract from the winning lottery ticket to receive cash flows for the next 30 years.
Correct Answer:
Verified
Correct Answer:
Verified
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