A company is going to undertake an issue of $$100$ million of high yield bonds, with a maturity of $5$ years. The bonds are rated BB$.$ The coupon on the bonds is $5\%,$ paid semi$-$annually. The underwriter is charging a commission of $2\%.$ What is the effective yield on the bonds, from the company$$s point of view?

Group of answer choices

$5\mathrm{.}46\%$

$7\mathrm{.}00\%$

$5\mathrm{.}75\%$

$2\mathrm{.}73\%$