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How many payment periods are in a 12 year, 8% bond with an effective interst rate of 6%, and paid semiannually? A.48 B.12 C.24 D.

How many payment periods are in a 12 year, 8% bond with an effective interst rate of 6%, and paid semiannually?
A.48
B.12
C.24
D. 3

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