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The market price is ?$875 for a 12?-year bond ?($1,000 par?value) that pays 8 percent annual? interest,but makes interestpayments on a semiannual basis ?(4 percent?

The market price is ?$875 for a 12?-year bond ?($1,000 par?value) that pays 8 percent annual? interest,but makes interestpayments on a semiannual basis ?(4 percent? semiannually). What 1 answer

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