Question: A Treasury bond maturing in November 2014 and callable in November 2009 has a quoted price of 107:06 and a coupon rate of 11.75 percent.

A Treasury bond maturing in November 2014 and callable in November 2009 has a quoted price of 107:06 and a coupon rate of 11.75 percent. Assuming the bond matures in exactly 6 years, what is the yield to call?

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