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Callable bond. Corso Books has just soid a callable bond. it is a thirty-year monthly bond with an annual coupon rate of 11% and $1,000

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Callable bond. Corso Books has just soid a callable bond. it is a thirty-year monthly bond with an annual coupon rate of 11% and $1,000 par value: The issuer, however, can call the bond starting at the end of 5 years. If the yield to call on this bond is 6% and the call requires Corso Books to pay cne year of additional interest at the call (12 coupon payments), what is the bond price if priced with the assumption that the call will be on the first evailable call date? What is the bond price if priced with the assumption that the call will be on the first avaliable call dote? (Round to the nearest cent.)

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