X Question 2, P6-17 (similar to) Callable bond. McCarty Manufacturing Company makes baseball equipment. The company decides to issue a callable bond that it expects to sell for $4,540 per bond. If the bond is a 30-year monthly bond with an annual coupon rate of 11% and a current yield to maturity of 12%, what is the option cost attached to the bond? Assume a $5,000 par value. Hint: Find the price of an equivalent bond without the call option. What is the price of the bond without the call option? $ 4,594.60 (Round to the nearest cent.) What is the cost of the call option attached to the bond? $ 54.60 (Round to the nearest cent.)