- CFA Exams
- CFA Level I Exam
- Topic 1. Quantitative Methods
- Learning Module 1. The Time Value of Money
- Subject 2. The Future Value and Present Value of a Series of Equal Cash Flows (Ordinary Annuities, Annuity Dues, and Perpetuities)
CFA Practice Question
A perpetuity is ______.
B. a growing stream of payments for 100 years
C. a lump sum payment received in 100 years
D. an annuity with no maturity
E. one single cash payment
A. an annuity with 40 periods to maturity
B. a growing stream of payments for 100 years
C. a lump sum payment received in 100 years
D. an annuity with no maturity
E. one single cash payment
Correct Answer: D
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