The market price of a semi$-$annual pay bond is $$981\mathrm{.}34.$ It has $16\mathrm{.}00$ years to maturity and a coupon rate of $8\mathrm{.}00\%.$ Par

value is $$1,000.$ What is the effective annual yield?

Answer format: Percentage Round to: $4$ decimal places $($Example: $9\mathrm{.}2434\%,\%$ sign required. Will accept decimal