What is the effective annual rate for an APR of $9\mathrm{.}90$ percent compounded quarterly?

Multiple Choice

$10\mathrm{.}32\%$

$9\mathrm{.}84\%$

$10\mathrm{.}27\%$

$10\mathrm{.}36\%$

$10\mathrm{.}79\%$