Question: (Perpetuities) What is the present value of the following?
a. A $300 perpetuity discounted back to the present at 8 percent
b. A $1,000 perpetuity discounted back to the present at 12 percent
c. A $100 perpetuity discounted back to the present at 9 percent d. A $95 perpetuity discounted back to the present at 5 percent.