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A 1 5 - year annual - coupon 1 0 % coupon rate, $ 1 , 0 0 0 - par callable bond was issued

A 15-year annual-coupon 10% coupon rate, $1,000-par callable bond was issued at par. The call price is $1,000. Alan Lee said that the price of the callable bond will be very close to the call price three years later after the call protection period if the yield to maturity of an option-free bond of the same company, with the same years to maturity and same coupon rate is 3%. Do you agree with Alan? A one or two-sentence answer is sufficient.

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