A $10,000 6% callable corporate bond with 30 years to maturity was issued in May of 2011. The bond's call protection period is 10 years. When its call protection expires in May of 2021, the bond is immediately callable at a premium of 3%. The yields on similar bonds (similar default risk, maturity, and liquidity) are currently 4%. If the bond gets called in May of 2021,

If the bond gets called in May 2021, find the resulting reduction in the semiannual coupon payment.

It is now May of 2021 and the issuer has the option of calling the bond immediately. The yields on similar bonds (similar default risk, maturity, and liquidity) are currently 4%. If the issuer decided to call the existing bond and replace it with a new issue with an identical maturity date, how much would they be required to pay the existing bondholders today to redeem the bond.

ONLY ASWER THE QUESTION BELOW:

. Please, find the additional cost at maturity if the bond is called in May of 2021. Assume a face value of $10,000 and express your answer in dollars and cents, but omit the $ sign.