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A newly issued bond has an 8% coupon with semi-annual payments. The bonds are currently priced at par value. Based on this price, the implied
A newly issued bond has an 8% coupon with semi-annual payments. The bonds are currently priced at par value. Based on this price, the implied effective annual rate provided by these bonds is: A. Equal to 4% B. Greater than 4%, but less than 8%. C. Equal to 8% D. Greater than 8%
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