Fincorp issues two bonds with 15 -year maturites. Both bonds are callable at $1,075. The first bond is issued at a deep discount with a coupon rate of 6% and a price of $510 to yield 14.2%. The second bond is issued ot par value with a coupon rate of 15,50% Required: a. What is the yield to moturity of the par bond? (Round your answer to 2 decimat places.) b. If you expect raties to fall substantialy in the next two yebrs, which bond would you prefer to hold? Bond with a coupon tate 15.50% Bond with a coupen rate 6%