Which of the following best describes the term yield to maturity for an n period bond paying a coupon at rate r semi-annually? Select one: a. The EAR results when 1 plus the coupon rate is compounded to reflect that payments are made semi-annually, minus 1. b. The interest rate that equates a bond's present value of future payments to its price. c. The coupon rate r. d. The annualized ratio of the final principal payment divided by current price of the bond. e. None of the above