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10. Which one of the following statements is true concerning the duration of a perpetuity? A. The duration of 15% yield perpetuity that pays $100

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10. Which one of the following statements is true concerning the duration of a perpetuity? A. The duration of 15% yield perpetuity that pays $100 annually is longer than that of a 15% yield perpetuity that pays $200 annually. B. The duration of a 15% yield perpetuity that pays $100 annually is shorter than that of a 15% yield perpetuity that pays $200 annually. C. The duration of a 15% yield perpetuity that pays $100 annually is equal to that of 15% yield perpetuity that pays $200 annually. D. The duration of a perpetuity cannot be calculated. E. None of the above

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