Current Attempt in Progress

Mary just bought a $20-$year bond with an $8\%$ coupon rate $($paid semi$-$annually$)$ and $$1000$ par value for $$1050.$ She is expecting an effective annual yield $($EAY$)$ of:

$10\%.$

$9\mathrm{.}5\%.$

$7\mathrm{.}65\%$

$8\mathrm{.}51\%$

$$ Attempts: $0$ of $1$ used