Cinqua Terra Incorporated issued 10-year bonds three years ago with a coupon rate of 6.50%...
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Cinqua Terra Incorporated issued 10-year bonds three years ago with a coupon rate of 6.50% 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 $1,119.00. What is the 6-month return for holding the bonds until maturity (r^' or y^')? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
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