Which of the following is NOT an adjustment that must be made when interest is paid semiannually
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Which of the following is NOT an adjustment that must be made when interest is paid semiannually instead of annually?
a. Dividing the annual coupon payment by 2
b. Dividing the annual interest rate by 2
c. Dividing the total number of years by 2
d. Dividing the annual yield to maturity by 2
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C D ivid ing the total number of years by 2 The adjustment that must be made when in...View the full answer
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