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dan smith purchased a Treasury bond this morning for $ 9 3 . 9 2 ( $ 1 0 0 face value ) . The

dan smith purchased a Treasury bond this morning for $93.92($100 face value). The bond had 8.5 years to maturity on the purchase date and the coupon rate was 7%. Coupons are paid semi-annually. The bond can be called 2 years after it is purchased by Mr. Woods for $101.15 per $100 of face. Calculate the yield to call (as of today) of the Treasury bond purchased by Mr. smith

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