A corporate bond pays interest twice a year and has 21 years to maturity, a face value of $1,000 and a coupon rate of 5.7%. The bond's current price is $1,399.11. It is callable after 15 years (years to call) at a call price of $1,070.

1. What is the bond's (annualized) yield to maturity? Enter your answer as a decimal number or with the percentage sign.

2. What is the bond's (annualized) yield to call?

3. If you buy the bond today and hold it as long as possible, which rate of return can you expect to earn?

a) The yield to call (YTC)

b) The yield to maturity (YTM)