XZYY, Inc. currently has an issue of bonds outstanding that will mature in 40 years. The bonds have a face value of $1,000 and a stated annual coupon rate of 9% with quarterly coupon payments. The bond is currently selling for $856. The bonds may be called in 4 years for 111% of par value. What is the quoted annual yield-to-maturity for these bonds?

	10.54%
	2.64%
	10.82%
	15.96%
	33.66%