95. Call options are frequently attached to bonds, making them callable at the option of the issuer. Consider a firm that just issued two sets of bonds: One is callable, has a 7 percent coupon rate, 15 years to maturity, and cannot be called during the first three years; the second is noncallable, has a 7 percent coupon rate, 15 years to maturity, and is identical to the first bond in every way except for the call option. Suppose the noncallable bonds are sold for $1,000 each. Will the callable bonds sell for more or less than $1,000? Who "purchases" the option in this case and who "sells" it