A perpetuity pays $100 each and every year forever. The duration of this perpetuity will be if its yield is 8.1% Multiple Choice 749 810 O 610 1335 Help Save & Exit Submit A bond with a 8-year duration is worth $1,077, and its yield to maturity is 77%. If the yield to maturity falls to 7.57%, you would predict that the new value of the bond will be approximately Multiple Choice $1,075 60 $1,07700 $1.087 45 $1.078.40 You have a 25-year maturity, 10.9% coupon, 10.9% yield bond with a duration of 10 years and a convexity of 136.4. If the interest rate were to fall 134 basis points, your predicted new price for the bond (including convexity is Multiple Choice $1120 80 O $1108 55 $109017 O $1133.00