A bond has a coupon rate of 8%, pays interest semiannually, sells for $960, and matures in 3 years. What is its yield to maturity? (Hint: here, we have a semiannual coupon bond. If you use the financial calculator, multiply the t by 2 and divide the r by 2 to put the bond in semiannual periods. You can also use this technique with the equation). Selected Answer: [None Given) Answers: 12.17% 9.57% 5.48% 4.78%