Cinqua Terra Incorporated issued

$2$

$0$

$-$

year bonds three years ago with a coupon rate of

$7$

$.$

$0$

$0$

$\%$

$$APR$.$ The bonds pay semi

$-$

annual coupons, have a face value of $

$1$

$,$

$0$

$0$

$0$

$.$

$0$

$0$

$$each and were issued at par value. Cinqua Terra bonds currently trade

at $

$1$

$,$

$1$

$2$

$5$

$.$

$0$

$0$

$.$

$$The bonds may be called in exactly

$3$

$$years$.$ If the bonds are called, Cinqua Terra will pay the investor the

current interest payment plus the face value. Also, Cinqua Terra will pay one additional

$6$

$-$

month coupon as a premium for

the call.

What is the yield to call

$($

as an APR

$)$

$$for holding the bond?

Submit

Answer format: Percentage Round to:

$0$

$$decimal places

$($

Example:

$9$

$\%$

$,$

$\%$

$$sign required. Will accept decimal format

rounded to

$2$

$$decimal places

$($

ex:

$0$

$.$

$0$

$9$

$)$

$)$