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A firm's bonds have a maturity of 12 years with a $1,000 face value, have an 11% semiannual coupon, are calable in 6 years at

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A firm's bonds have a maturity of 12 years with a $1,000 face value, have an 11% semiannual coupon, are calable in 6 years at $1,200.44, and comedy a nice 1.10.33 What we the room yield to maturity and their nominal yield to call Do not round intermediate calculations. Round your answers to two de pe YTM: YTC: What return should investors expect to earn on these bonds L. Investors would not expect the bonds to be called and to earn the YTM because the YTM greater than the YTC. II. Investors would not expect the bonds to be called and to eam the YTM because they than they 11. Investors would expect the bonds to be called and to earn the YTC because they is less than theYT I. Tvestors would expect the bonds to be called and to earn the TC because the YTC is greater than theYTH

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