14. Now Ms. Investor (see the previous question) realizes that the MNO bonds she bought contain a call provision Specifically, the company can call the bonds (buy them back from Ms. Investor and other bond holders, even if those holders do not wish to sell) as soon as ten years have passed from the date of issue, which was two years ago If the bonds are called, MNO will pay a price of $1,082 50 (the par value plus an extra year's worth of interest) for each. If Ms. Investor buys cach bond today for $1,068.33, and then MNO calls the entire bond issue at the earliest possible date - which Ms. Investor fears they may do, since the roughly 7.8% APR required by the market today is lower than the 8.25% annual coupon rate on the callable bonds she holds - what will be her yield to first call