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Why is the formula for a perpetuity/consol useful for coupon bonds with long maturity? A) It becomes tedious to calculate the present value of numerous

Why is the formula for a perpetuity/consol useful for coupon bonds with long maturity?

A)

It becomes tedious to calculate the present value of numerous coupon payments so the perpetuity formula is a good approximation.

B)

It is unlikely that a person will still be alive to receive coupon payments in 50 years so the perpetuity formula is a good approximation.

C)

The present value of coupon payments in the distant future is very small so the perpetuity formula is a good approximation.

D)

I'm not really sure, that's just what you told us in class.

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