QUESTION 11 Smith Enterprises' noncallable bonds currently sell for $1,572.72. They have a 15-year maturity, an annual coupon of $85, and a par value of $1,000 What is their yield to maturity? O 3.31% 4,14% O 3.5296 O 4.55% 4.64% QUESTION 12 Taussig Corp.'s bonds currently sell for $1,083. They have a 4.35% annual coupon rate and a 20-year maturity, but they can be called in 5 years at $1,043.50. Assume that no costs oth than the call premium would be incurred to call and refund the bonds, and also assume that the yield curve is horizontal with rates expected to remain at current levels on into the fut Under these conditions, what rate of return should an investor expect to earn if he or she purchases these bonds? 0 3.33% 04.20% 0 3.75% 0 4.35% 5,04% OHLECTION 12