You are analyzing a company to try to find the WACC. The firm has long-term debt on its balance sheet in the the form of bonds that were issued 10 years ago and have 5 years remaining until maturity. The bonds are shown on the balance sheet at par- the book value is $100,000. The market value of the bonds is $110,000. The bonds have a 11% coupon (paid QUARTERLY). What is the rate that investors expect to earn on the bonds that you would put into the WACC equation? I want the number the investor expects, not the cost to the firm. At least two decimal places.