Suppose a 10-year, 10 percent, semiannual coupon bond with a par value of R1 000 is currently selling for R XXXXXXXXXX, producing a nominal yield to maturity of 8 percent. However, the bond can be...

Suppose a 10-year, 10 percent, semiannual coupon bond with a par value of R1 000 is currently selling for R1 135.90, producing a nominal yield to maturity of 8 percent. However, the bond can be called after 5 years for a price of R1 050.

If you bought this bond, do you think you would be more likely to earn the
YTM or the YTC? Why?