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The present value of a default-free perpetuity that pays an annual coupon of 50 exceeds the present value of a 30-year Treasury bond with annual

  1. The present value of a default-free perpetuity that pays an annual coupon of 50 exceeds the present value of a 30-year Treasury bond with annual coupon in the same amount 50. T or F

  2. The interest rate on Treasury inflation protected securities (TIPS) exceeds the interest rate on regular Treasury securities. t OR f

  3. The duration of a finite annuity exceeds the duration of a perpetual annuity. T or F

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