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Part $1$

Which of the following is correct regarding the difference between a perpetuity and an$$ annuity? $($In answering this question assume we are referring to a standard perpetuity and annuity where the growth rate g is$0)$

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Part $1$

A$.$

A perpetuity generates equal cash flows every$$ period, whereas with an$$ annuity, the cash flows are different every period

B$.$

An annuity generates equal cash flows every$$ period, whereas with a$$ perpetuity, the cash flows are different every period

C$.$

a perpetuity lasts forever whereas an annuity ends at some point in the future

D$.$

the present value of a perpetuity with a cash flow C and an interest rate r will always be greater than the present value of an annuity with the same cash flow and interest$$ rate, but that ends at some point in period N