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A bond issued for eight years at a market interest rate of 8%. If compounding occurs quarterly, then the present value factor is found at

A bond issued for eight years at a market interest rate of 8%. If compounding occurs quarterly, then the present value factor is found at

8% for eight periods.

2% for eight periods.

8% for 32 periods.

2% for 32 periods.

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Question

A bond issued for eight years at a market interest rate of 8%. If compounding occurs quarterly, then the present value factor is found at

A bond issued for eight years at a market interest rate of 8%. If compounding occurs quarterly, then the present value factor is found at 8% for eight periods. 2% for eight periods. 8% for 32 periods. 2% for 32 periods.

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A bond issued for eight years at a market interest rate of 8%. If compounding occurs quarterly, then the present value factor is found at

8% for eight periods.

2% for eight periods.

8% for 32 periods.

2% for 32 periods.