10.

Question 10 5 pts Eagle Industries bonds have a 10-year maturity and a 8.35% 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