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How many semiannual interest payments will be made

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Question - Birmingham company issues bonds with a par value of 800000 on their stated issue date. The bonds mature in 10 years and pay 6% annual interest in semiannual payments. On the issue date, the annual market rate for the bonds is 8%. How many semiannual interest payments will be made on these bonds over their life?

Reference no: EM132721682

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