McConnell Corporation has bonds on the market with 12 years to maturity, a YTM of 9.8 percent, a par value of $1,000, and a current price of $1,176.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? (Note: first find the semi-annual payment. Then convert it into an annual payment and use this annual payment to find the coupon rate as an APR.) Multiple Choice 12.33% 12.43% 10.48% 21.02%