KIC Inc. plans to issue $\backslash (\backslash$$ $5\mathrm{.}0\backslash )$ million of bonds with a coupon rate of $15$ percent paid semiannually and $25$ years to maturity. The current one$-$year market interest rate on these bonds is $14$ percent. In one year, the interest rate on the bonds will be either $17$ percent or $10$ percent with equal probability. Assume investors are risk neutral. a$.$ If the bonds are non$-$callable, what is the price of the bonds today? $($Do not round intermediate calculations. Enter the answer in dollars. Round the final answer to $\backslash (\backslash$mathbf$\{2\}\backslash )$ decimal places. Omit $\backslash$$ sign in your response.$)$ Price of the bonds $\backslash$$ b$.$ If the bonds are callable one year from today at $\backslash (\backslash$$ $1,200\backslash ),$ will their price be greater or less than the price you computed in part $($a$)?$ Less than Greater than c$.$ If the bonds are callable one year from today at $\backslash (\backslash$$ $1,200\backslash ),$ what is the current price of the bond? $($Do not round intermediate calculations. Enter the answer in dollars. Round the final answer to $\backslash (\backslash$mathbf$\{2\}\backslash )$ decimal places. Omit $\backslash$$ sign in your response.$)$ Current price of the bond d$.$ What is the value of the call provision to the company? $($Do not round intermediate calculations. Enter the answer in dollars. Round the final answer to $2$ decimal places. Omit $\backslash$$ sign in your response.$)$ Call value