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If a perpetuity that pays 105 once a year, what is its Macaulay duration? Assume a 10% yield. A. 9 B. 12 C. 10 D.

If a perpetuity that pays 105 once a year, what is its Macaulay duration? Assume a 10% yield.

A. 9

B. 12

C. 10

D. 11

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