Dynamo Corporation has semiannual bonds outstanding with $12$ years to maturity, and the bonds are currently priced at $$1,080\mathrm{.}29.$ the bonds have a coupon rate of $8$ percent, then what is the equivalent annual return $($EAR$)$ to the investor for purchasing the bonds a the stated price?

$8\mathrm{.}00\%$

$7\mathrm{.}00\%$

$3\mathrm{.}5\%$

$7\mathrm{.}12\%$