When ABC Company originally issued its callable $5\mathrm{.}3\%,10-$year bond, it was rated AA and priced to sell at par. The bond is callable at the price that offers an equivalent yield to a Canada bond plus $0\mathrm{.}11\%.$ At that time, the credit spread over $10-$year Canada bonds was $0\mathrm{.}31\%.$ The bond pays interest annually.Suppose that you buy a $1-$year maturity bond for $$1,000$ that will pay you $$1,000$ plus a coupon payment of $$70$ at the end of the year.