1. Prestige Intl bonds have a current market price of 120%. The bonds have an 11% annual coupon rate, a $1,000 face value, and 10 years left until maturity. The bonds may be called in 5 years at 109% (call price = $1,090).
   1. What is the yield to maturity?
   2. What is the yield to call if they are called in 5 years?
   3. Which yield might investors expect to earn on these bonds, and why?

I am mostly interested in an answer to part C.

My work for part A & B

A.) PV = (1200), FV = 1000, N = 10, PMT = 110 : YTM = 8.02%

B.) PV = (1200), FV= 1090, N= 5, PMT = 110 : YTC = 7.59%