Bond Features Maturity (years) Face Value Coupon Rate Coupon dates (Annual) Market interest rate today Time to call (years) Price if Called Market interest rate in Year 3 $1,000 4.00% 4.00% 3 $1,040.00 The above bond is callable in 3 years. When the bond is issued today, interest rates are 4.00% . In 3 years, the market interest rate is 2.00% . Should the firm call back the bond in year 3 and if so, how much would the firm save or lose by calling back the bonds