ON febuary 2, 2016, an investor held some Province of Ontario stripped coupons in a self-administered RRSP at Scotia Mcleod, an investment dealer. Each coupon represented a promise to pat $80 at the maturity date on January 13,2023,but the investor would receive nothing until then. The value of the coupoon showed as 70$ on the investor's screen. This means that the investor was giving up $70 on Febuary 2, 2016, in exchange for $80 to be receievd just less than seven years ater. Based upon the $70 price, what rate was the yield on th Province of Ontario bond?