It is now January 1,2014 , and you are considering the purchase of an outstanding bond that was issued on January 1,2010. It has a 12.20% annual coupon and it matures on December 31, 2029. There is a call protection until December 31, 2016 after which time it can be called at 104% of par. Interest rates have declined since it was issued; and it is now selling at 105% of par. a) What is the yield to maturity? b) What is the yield to call? a) 11.50%; b) 11.34% a) 12.20%; b) 11.80% a) 12.20%; b) 11.34% a) 11.50%; b) 11.80% a) 11.34%; b) 11.50%