One year ago, Carson Industries issued a 10-year, $1,000 PAR coupon bond at its PAR value.

This Bond's annual coupon rate is 11%. Coupons are paid 2 times in a year.

The Bond is currently trading at $900.

However, this bond can be called in 6 years from today at a price of $1065

What is the YTC (Yield to Call) of this Bond? In other words, what is the Bond investor's return if the Bond is called? Enter your answer in the following format: 0.1234 Hint: Answer is between 0.1283 and 0.1582