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How many payment periods are in a 12-year, 8% bond with an effective interest rate of 6%, and paid semiannually? Select one: A. 48 B.

How many payment periods are in a 12-year, 8% bond with an effective interest rate of 6%, and paid semiannually?

Select one:

A. 48

B. 3

C. 24

D. 12

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