Annabel Corporation’s bonds have a face value of $11,000,000 and a call price of 103. On February 1, 2019, the bonds have a carrying value of $11,200,000 on Annabel’s books and a market price of 99 1/8 in the secondary market. If Annabel wants to retire the entire bond issue, how much will it have to pay if it calls the bonds? How much will it have to pay if it buys the bonds in the secondary market? Which is the best way to retire the bonds.