You just purchased a $1,000 par value, 5-year bond with a coupon rate of 6.00% (paid annually) that has a yield to maturity of 6.70%. If you sell this bond in 2 years for $1,050, what would be your effective annual rate of return, if coupon payments are reinvested at a 2.50% annual interest rate?

no excel pls

a.24.77%

b.9.84%

c.8.20%

d.10.32%

e.20.64%