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Which of the following statements is true of semiannual compounding? The number of payments is the same as the number of years in a bond's

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Which of the following statements is true of semiannual compounding? The number of payments is the same as the number of years in a bond's term. Each interest payment is twice as large as the annual interest payment. Each interest payment is as large as the annual interest payment. The number of payments is twice the number of years in a bond's term

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