Question: Security ( P ) is a perpetuity, and Security ( Z ) is a zero coupon bond that has 1 5

Security \( P \) is a perpetuity, and Security \( Z \) is a zero coupon bond that has 15 years remaining until maturity. Both securities have a yield of \(5\%\). The duration of Security F
is shorter than the duration of Security \( Z \)
is longer than the duration of Security \( Z \)
is the same as the duration of Security \( Z \)
cannot be defined as perpetuities have no maturity
Security \ ( P \ ) is a perpetuity, and Security

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