Question: When interest on a $ 1 , 0 0 0 bond is paid semiannually, the bond will be valued higher than a bond that pays

When interest on a $1,000 bond is paid semiannually, the bond will be valued
higher than a bond that pays interest annually.
lower than a bond that pays interest annually.
the same as a bond that pays interest annually.
the same as or higher than a bond that pays interest annually, depending on the compounding method.
the same as, higher than, or lower than a bond that pays interest annually, depending on the interest rate.

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