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If a perpetuity that pays 10 once a year, what is its Macaulay duration? Assume a 5% yield: A. 22 B. 200 C. 210 D.

If a perpetuity that pays 10 once a year, what is its Macaulay duration? Assume a 5% yield:

A. 22

B. 200

C. 210

D. 21

Please explain your answer.

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