A Perpetuity Pays $100 Each and Every Year Forever

question 76

Multiple Choice

A perpetuity pays $100 each and every year forever. The duration of this perpetuity will be ________ if its yield is 9%.

• A) 7
• B) 9
• C) 9.39
• D) 12.11

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Definitions:

Virtuous Life

A way of living that aligns with moral and ethical standards, focusing on achieving moral excellence through virtue.

External Events

Happenings or occurrences that take place outside of an individual's or organization's control, impacting them indirectly.

Indifferent

Having no particular interest or sympathy; unconcerned or showing a lack of preference between two or more possibilities.