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European bonds pay coupons annually while us bonds pay

European bonds pay coupons annually, while U.S. bonds pay coupons semiannually. If the coupon rate on a European bond is 12% (annual coupons), what is the comparable coupon rate for a U.S. bond (semiannual coupons) assuming all other factors are equal?

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Basic Statistics: European bonds pay coupons annually while us bonds pay

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Basic Statistics: European bonds pay coupons annually while us bonds pay

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