Problem 24-12 Call provisions Refer to the following information: Amount issued $450 million Offered Issued at a price of 99.000% plus accrued interest (proceeds to company 98.717%) through Citi and JPMorgan Interest 11.85% per annum payable June 15 and December 15. Maturity June 15, 2041 Denomination, face value, or principal $1,000 Callable Remaining payments discounted at the treasury rate + 30 basis points a. ATAM decides to call the bond one year before it is due to expire. The interest rate on one-year Treasury bonds is 7.85%. What price must ATAM pay to call the bonds? (Do not round your intermediate calculations. Round your answer to 2 decimal places.) Price payable by ATAM b. If the interest rate on Treasury bonds is 16.85%. What price must ATAM pay to call its bonds? (Do not round your intermediate calculations. Round your answer to 2 decimal places.) Price payable by ATAM