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

True or False. Justify your conclusion.

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 annual interest payments will be greater than the proceeds from the sale of the bonds with semi-annual payments.

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