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The newly issued bonds of the Waldorf Corp. offer a 6% coupon with semiannual interest payments. The bonds are currently priced at par. The effective
The newly issued bonds of the Waldorf Corp. offer a 6% coupon with semiannual interest payments. The bonds are currently priced at par. The effective annual rate provided by these bonds must be:
Equal to 3%.
Greater than 3% but less than 4%.
Equal to 6%.
Greater than 6% but less than 7%.
Equal to 12%.
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