10.

Question 10 5 pts Eagle Industries' bonds have a 10-year maturity and a 8.05% coupon paid semiannually. They sell at their $1,000 par value, and are not callable. What is the effective annual rate (EFF%) for these bonds? Recall that EFF%= [1 + (Nominal Rate )" - 1 Your answer should be between 7.20 and 9.12, rounded to 2 decimal places, with no special characters