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Cinqua Terra incorporated issued 10 -year bonds three years ago with a coupon rate of 7.75% APR. The bonds pay semi-annual coupons, have a face
Cinqua Terra incorporated issued 10 -year bonds three years ago with a coupon rate of 7.75% APR. The bonds pay semi-annual coupons, have a face value of $1,000 each and were issued at par value. Cinqua Terra bonds currently trade at $1,123.00. Answer format: Percentage Round to: 2 decimal places (Example: 9.24\%, \% sign required. Wil accopt decima/ format rounded to 4 decimal places (ex; 0.0924))
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