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Bond ABC and Bond XYZ have the same annual coupon rate, but Bond ABC uses annual coupon payments and Bond XYZ uses semi-annual coupon payments.

Bond ABC and Bond XYZ have the same annual coupon rate, but Bond ABC uses annual coupon payments and Bond XYZ uses semi-annual coupon payments. Other things being equal, the price of Bond______ is higher.

ABC XYZ They have the same bond price.

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