What Is the Present Value of a Stream of Annual

Multiple Choice

What is the present value of a stream of annual end-of-the-year annuity cash flows if the discount rate is 0%,and the cash flows of $50 last for 20 years?

A) Less than $1,000
B) Exactly $1,000
C) More than $1,000
D) This question cannot be answered because we have an interest rate of 0.0%.