What is the yield to call? Do not round intermediate calculations. Round your answer to two decimal places. 96 b. If you bought this bond, which return would 'you actually earn? Select the correct option. 1. Investors would expect the bonds to be called and to earn the rrc because the YTC is greater than the YTM. II. Investors would not expect the bonds to be called and to earn the YTM because the YTM is greater than the YTC. III. Investors would not expect the bonds to be called and to earn the YTM because the YTM is less than the YTC. IV. Investors would expect the bonds to be called and to earn the YrC because the YTC is less than the YTM. V. Investors would expect the bonds to be called and to earn the YTC because the YTM is less than the YTC. c. Suppose the bond had been selling at a discount rather than a premium. Would the vield to maturity have been the most likely return, or would the yield to call have been most likely? 1. Investors would not expect the bonds to be called and to ebrn the YTM because the YTM is greater than the VTC. If. Investors would not expect the bonds to be called and to earn the YTM because the YTM is iess than the YTC. III. Investors would expect the bonds to be called and to earn the YTC because the YTM is less than the YTC. IV. Investors would expect the bonds to be called and to earn the YTC because the YTC is greater than the VTM. . Investors would expect the bonds to be called and to earn the YTC because the rTC is less than the YTM