Masters Corp issues two bonds with 20-year maturities. Both bonds are ca able at S 020. The first bond s issued at a deep discount with a coupon rate of 5% d 12.7%. The second bond is issued at par value with a coupon rate of 13.50%. a. What is the yield to maturity of the par bond? (Round your answer to 2 decimal places.) Yield to maturity % b. If you expect rates to fall substantially in the next two years, which bond would you prefer to hold? Bond with a coupon rate 13.50% Bond with a coupon rate 5%