A firm's bonds have a maturity of 8 years with a $1,000 face value, have an 11% semiannual covpon, are callable in 4 years at $1,147.89, and currently seil at a price of $1,271.26. What arbtheir nominal yeld to maturity and their nominal yield to call? Do not round intermediate calculations, Round your answers to two decimal places. YTM: C: What return should investors expect to earn on these bonds? 1. Investors would expect the bonds to be called and to earn the rTC because the rTC is less than the YTM. II. Investors would expect the bonds to be called and to earn the YTC because the YTC is greater than the YTM. 11I. Investors would not expect the bonds to be called and to earn the YTM because the YTM is greater than the YTC. IV. Investors would not expect the bonds to be called and to earn the YTM becouse the MTM is less than the Yr