A perpetuity will grow at the rate of 5% per year. One year from the date of purchase, it will pay $50,0000. If the appropriate discount rate is 10%, what is the value of the perpetuity?

Which of the following statements regarding how to fix a mistake in an insurance application is NOT correct?

A) If the insurer discovers a mistake, it usually returns the application to the agent who, with the applicant, corrects the application. B) Under no circumstances may an agent correct information on an insurance application once it has been completed by the applicant. C) If the insurer discovers an incorrect application before the policy is issued, the insurer may cancel the contract. D) If the agent fixes the mistake in the application, the applicant must initial the correction."

Customers visiting the Ski Butternut mobile website are responding to:

a. Some kind of stimulus b. Something from their subculture c. An evaluation of an alternative website d. One of their consideration set