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Which one of the following statements is true concerning the duration of a perpetuity? (a) The duration of 15% yield perpetuity that pays $100 annually
Which one of the following statements is true concerning the duration of a perpetuity? (a) The duration of 15% yield perpetuity that pays $100 annually is longer than that of a 15% yield perpetuity that pays $200 annually. (b) The duration of a 15% yield perpetuity that pays $100 annually is shorter than that of a 15% yield perpetuity that pays $200 annually. (c) The duration of a 15% yield perpetuity that pays $100 annually is equal to that of
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