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Basic Question 13 of 27
An annuity is defined as ______.
B. equal cash flows at equal intervals of time for a specific period
C. unequal cash flows at equal intervals of time forever
A. equal cash flows at equal intervals of time forever
B. equal cash flows at equal intervals of time for a specific period
C. unequal cash flows at equal intervals of time forever
User Contributed Comments 2
| User | Comment |
|---|---|
| KD101 | If it is forever it is called perpetuity |
| Sitinjak | Right on. |
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Craig Baugh
Learning Outcome Statements
calculate and interpret the present value(PV) of fixed-income and equity instruments based on expected future cash flows
calculate and interpret the implied return of fixed-income instruments and required return and implied growth of equity instruments given the present value (PV) and cash flows
CFA® 2024 Level I Curriculum, Volume 1, Module 2.