Which yield might investors expect to earn on these bonds, and why?

I. Investors would not expect the bonds to be called and to earn the YTM because the YTM is greater than the YTC$.$

II$.$ Investors would not expect the bonds to be called and to earn the YTM because the YTM is less than the YTC$.$

III. Investors would expect the bonds to be called and to earn the YTC because the YTC is less than the YTM$.$

IV$.$ Investors would expect the bonds to be called and to earn the YTC because the YTM is less than the YTC$.$