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True or False 1. A company is considering offering for sale one of two bond issues. The two bond issues are equivalent except that one

True or False

1. A company is considering offering for sale one of two bond issues. The two bond issues are equivalent except that one bond pays semi-annual interest while the other bond pays annual interest. The proceeds from the sale of the bond with semi-annual interest payments will be greater than the proceeds from the sale of the bonds with annual payments.

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