A firm's bonds thave a maturity of 12 years with a $1,000 face value, have an 11% semiannual coupon, are callibile in 6 years at $1.213.85, and currenty seli at a price of YTM: VTC: What return should investors expect to earn on these bonds? 1. Investors would expect the bonds to be called and to earn the VTC because the VTc is greater than the VTM. 1t. Investors would not expect the bonds to be called and to earn the YTM because the YTM is greater than the YTC. IIt. Inwestors would not expect the bonds to be called and to earn the YTM because the YTM is less than the YTC. IV. Investons would expect the tronds to be called and to earn the rrc becouse the ric is iess than the VTM