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Finance 788 Ozarks Managed Care Inc issued some callable bonds 18 years ago with 30-year life at their par value of 3 1,006, These bonds

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Finance 788 Ozarks Managed Care Inc issued some callable bonds 18 years ago with 30-year life at their par value of 3 1,006, These bonds pay 12 % coupon rate with annual payment. The firm just announced that these bonds are being called with 380 call premium. A non-callable bond with the same features (time till maturity coupon rate, and par valore) and same risks are selling at $1234 piece on the market today. What's the yield-to-maturity on the non-Callable bonds? Round to 2 decimals

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