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Risk-free bonds paying a 10% coupon rate with semi-annual coupon payments sell at par value. What coupon rate would they have to pay in order
Risk-free bonds paying a 10% coupon rate with semi-annual coupon payments sell at par value. What coupon rate would they have to pay in order to sell at par if they paid their coupons annually? Equal to 10% More than 10% O Less than 10% Not enough information
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