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29. Given the bond described below, if interest were paid semi-annually (rather than annually), a the bond continued to be priced at $850, the resulting

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29. Given the bond described below, if interest were paid semi-annually (rather than annually), a the bond continued to be priced at $850, the resulting effective annual yield to maturity would Par Value $1.000 Time to Maturity 20 years Coupon 10% (paid annually) Current Price $850 Yield to Maturity 12% A. Less than 12% B. More than 12% C. 12% D. Cannot be determined E. None of these

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