Tommy Company has bonds outstanding with 15 years to maturity. The bonds are currently priced in the market at $1,210.40 each. The bonds are callable beginning 10 years prior to maturity (so, in 5 years) at 102.25% of par value. The bonds have a face value of $1,000, a coupon rate of 8% with coupon payments paid to investors on a semiannual basis.

Determine the following:

(1) what is the yield-to-maturity in %? (round to two decimal places) show your work.

(2) what is the yield-to-call in %? (round to two decimal places) show your work.

(3) which is the relevant yield to the investor?