Icon Inc has two different options of 20-year maturity coupon bonds to issue; one set of bonds will have a callable provision, while the other set will not have a callable provision. If both types of bond have the same coupon rate, which bond will have the higher price, the callable or non- callable bond? If, instead, the bonds are both to be sold to the public at face value, which bond must have the higher coupon rate? Non-callable sells at higher price; Callable has higher coupon rate Callable sells at higher price; Non-callable has higher coupon rate Callable sells at higher price: Callable has higher coupon rate Non-callable sells at higher price; Non-callable has higher coupon rate