Moe Purchases a $100 Annual Perpetuity for Which Payments Begin

Moe purchases a $100 annual perpetuity for which payments begin in one year. Larry purchases a $100 annual perpetuity for which payments begin immediately. If a 10% interest rate is appropriate for both cash flow streams, which of the following statements is true?

A) Moe's perpetuity is worth $100 more than Larry's.
B) Larry's perpetuity is worth $100 more than Moe's.
C) The perpetuities are of equal value today.
D) Larry's perpetuity is worth $90.91 more than Moe's.
E) Moe's perpetuity is worth $90.91 more than Larry's.