You are considering two perpetuities which are identical in every way, except that perpetuity A will begin making annual payments of existP to you two years from today while must be true that the first existP payment for perpetuity B will occur one year from today. It must be true that the present value of perpetuity _____ a) A is greater than that of B by existP b) B is greater than that of A by existP c) B exceeds that of A by the present value of existP for one year d) A exceeds that of B by the present value of existP for one year