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Coupon rates are always expressed in which terms, even when payments are more frequent?

AWeekly terms
BDaily terms
CAnnual terms
DMonthly terms
Answer & Solution
Correct answer: C. Annual terms
1. Payments may be half-yearly. 2. The quoted rate does not change with that. 3. They are expressed in annual terms. _Source: OpenStax Principles of Finance 2e, Chapter 10, Bonds and Bond Valuation._
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