Perpetuities are also called annuities with an extended or unlimited life. Based on your understanding of perpetuities, answer the following questions. Which of the following are characteristics of a perpetuity? Check all that apply.
(A) The principal amount of a perpetuity is repaid as a lump-sum amount
(B) In a perpetuity, returns-m the form of a series of identical cash flows-are earned.
(C) A perpetuity is a series of regularly timed, equal cash flows that is assumed to continue Indefinitely Into the future.
(D) A perpetuity continues for a fixed time period.
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