Which of the following statements regarding perpetuities is FALSE? A. A perpetuity is a stream of equal cash flows that occurs at regular intervals and lasts forever. B. To find the value of a perpetuity by discounting one cash flow at a time would take forever. C. PV of a perpetuity = StartFraction r Over Upper C EndFraction D. One example of a perpetuity is the British government bond called a consol.
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