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Athena Corp is considering issuing new bonds with a $ 1 , 0 0 0 face value that pay a $ 4 0 annual coupon

Athena Corp is considering issuing new bonds with a $

1, 000

face value that pay a $

40

annual coupon semi

-

annually. If current market rates are

6 %,

how many periods must the bond pay coupon payments so that the bonds sell at par value?

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