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A $8800 bond bearing interest at 3.7% payable semi-annually is due in 10 years. Money...

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Finance

A $8800 bond bearing interest at 3.7% payable semi-annually is due in 10 years. Money is worth 6.0% compounded semi-annually.

What is the number of coupon payments?

10

40

20

4

Answer & Explanation Solved by verified expert
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