You purchase a $10,000 bond with a bond rate of 8% per year payable semiannually for 2 years. You pay $9,600 for the bond. Which statement is correct? Semiannual cash flows will be -$9,600, $400, $400, $400, $10,400, and the bond will earn less than 10 percent O Semiannual cash flows will be - $9,600, $400, $400, $400, $10,000, and the bond will earn less than 10 percent. O Semiannual cash flows will be -$9,600, $400, $400, $400, $10,400, and the bond will earn more than 10 percent Semiannual cash flows will be -$9,600, $400, $400, $400, $10,000, and the bond will earn more than 10 percent. Click here to access the TVM Factor Table Calculator eTextbook and Media Save for Later Attempts: 0 of 1 used Submit