Your investments are earning $4\mathrm{.}20\%$ per annum compounded annually. You would like to compare this to the yield on bonds which are quoted

on a compounded semi$-$annual basis. What is the equivalent return that you are earning per annum on a compounded semi$-$annual basis?

$($Do not round intermediate calculations. Report your result as a percentage. Round the final answers to $2$ decimal places. Omit the $\%$ sign in

your response. For example, if your answer is $3\mathrm{.}21\%,$ just enter $3\mathrm{.}21)$

Numeric Response