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Moe purchases a $100 annual perpetuity for which payments begin in one year. Larry purchases a $100 annual perpetuity for which payments begin immediately. If

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Moe purchases a $100 annual perpetuity for which payments begin in one year. Larry purchases a $100 annual perpetuity for which payments begin immediately. If a 10% interest rate is appropriate for both cash flow streams, which of the following statements is true? Multiple Choice Larry's perpetuity is worth $100 more than Moe's Moe's perpetuity is worth $90.91 more than Larry's O The perpetuities are of equal value today, Moe's perpetuity is worth $100 more than Larry's O tarry's perpetuity is worth $90.91 more than Moe's

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