Current Attempt in Progress You purchase a $12,000 bond with a bond rate of 6% per year payable semiannually for 2 years. You pay $11,600 for the bond. Which statement is correct? Semiannual cash flows will be -$11,600 $360,5360,5360,$12,360, and the bond will earn less than 10 percent Semiannual cash flows will be-$11,600, $360, $360,$360, $12,360, and the bond will earn more than 10 percent Semiannual cash flows will be-$11,600, $360, $360, $360, $11.960, and the bond will earn more than 10 percent Semiannual cash flows will be $11,600,$360, $360,5360, $11.960, and the bond will earn less than 10 percent Click here to access the TVM Factor Table Calculator e Textbook and Media Attempts: 0 of 1 used Submit Answer Save for later