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P10-10 (Algo) Preparing a Bond Amortization Schedule for a Bond Issued at Premium LO10-5 [The following information applies to the questions displayed below.] On January

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P10-10 (Algo) Preparing a Bond Amortization Schedule for a Bond Issued at Premium LO10-5 [The following information applies to the questions displayed below.] On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31 . The bonds mature at the end of four years. Olive uses the effective-interest amortization method. The partially completed amortization schedule below pertains to the bonds: References Award: 5.00 points P10-10 Part 6 6. What is the coupon rate? (Enter your answer as a percentage rounded to 1 decimal place (i.e. 0.123 should be entered as 12.3).)

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