QUESTIONS A discount bond that pays Interest semiannually will: 1. Have a lower price than an equivalent annual payment bond II. Have a higher price than an equivalent annual payment bond III. Have a lower EAR than an equivalent annual payment bond IV. Have a higher EAR than an equivalent annual payment bond V. Have a higher interest rate risk than an equivalent annual payment bond VI. Have a lower interest rate risk than an equivalent annual payment bond OI, IV, VI O 1 .. OLIV. OI, IV, VI