Jenny is looking to invest in some five-year bonds that pay semi-annual coupons at a coupon rate of 6.25 percent p.a. and are currently selling at $948.67. The face value is $1,000. What is the current market yield-to-maturity on such bonds? (USE EXCEL or FINANCIAL CALCULATOR. Round to the closest answer.) Select one: a. 9.5% b. 8.5% c. 7.5% d. 6.5% Suppose an Investor earned a yield of 6.5 percent p.a on a bond paying coupons twice a year. What is the effective annual yield (EAY) on this investment? (answer as a percentage rounded to two decimal places without % sign. eg 2.889% would be written 2.89)