You are considering the purchase of a $14\%$ Northwest Airlines$$bond with$$semiannual coupon payments, a $$1,000$ par value, and $7$years to maturity. If the current market price of the bond is $$1,092\mathrm{.}95,$ what is the bonds effective annual rate $($EAR$)?($State your answer as a percent rounded to the nearest one$-$hundredth of one percent.$)$