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We consider a sequence of random variables defined by the recurrence , , where is arbitrary and , , are i.i.d. copies of a two-dimensional random vector , and is independent of . It is well known that if and , then the sequence converges in distribution to a random variable given by , and usually referred to as perpetuity. In this paper we consider a situation in which the sequence itself does not converge. We assume that exists but that it is non-negative and we ask if in this situation the sequence , after suitable normalization, converges in distribution to a non-degenerate limit.

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