year original thaturity, (it matures on December 31, 2036.) There is 5 vears of call protection (until December 31,2021 ), after which time it can be ealeed at iof- that is, at 105 s of par, or $1.000, interest rates hawe decined since it was issued, and it is now telling at 120.06% of par, of $1.200.89. 3. What is the yield to materity? Do not round intermedate calculations. Foued your answer to twe decimal places. What is the vield to call? Do not round intermediate cakculations, Round your answer to two decimal places. b. If you bought this bond, which retum would you actually earn? 1. Investars would expect the bonds to be called and to eam the YTC because the YTC is greater than the VTM. II. Investars would nat expect the bends to be called and to eam the YIM because the VTM is greater than the YIC. iII. Investors would not expect the bonds to be called and to earn the YTH because the rTM is less than the YTC. IV. Investors would expect the bonds to be called and to earn the YTC because the YTC is less than the YTM. c. Suppese the bond had been selling of a discount rather than a premium. Would the yield to materity have been the mest likely return, of would the yieid to call haen besh eriast bkely? 1. Investors would not expect the bondo to be called and to eam the YTM because the YTM is less than the YTC. 11. Investars woild expect the bends to be cilled and to earn the rrc because the rTc is oreater than the YTM. iII. Investors nould expect the bonds to be called and to earn the YC because the VTC is letss than the rTM. 12. Investors would sot expect the bonds to be called and to eam the YTM because the YTM is greater than the YTC