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Perpetuity A pays $0.50 per year, but its 1st payment will be in 1 year from today. Perpetuity B pays $1 every two years, and

Perpetuity A pays $0.50 per year, but its 1st payment will be in 1 year from today. Perpetuity B pays $1 every two years, and its 1st payment will be in 2 years from today. Which perpetuity will you choose if the annual interest rate is 5%?

(a). A

(b). B

(c). They are of same value

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