Question: Athena Corp is considering issuing new bonds with a $ 1 , 0 0 0 face value that pay a $ 4 0 annual coupon

Athena Corp is considering issuing new bonds with a $1,000 face value that pay a $40
annual coupon semi-annually. If current market rates are 6%, how many periods must the bond pay coupon payments so that the bonds sell at par value?

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