Question: Please show the answer as well as how you got to that answer. Thanks Score: 0 of 1 pt 6 of 8 (7 complete) HW

 Please show the answer as well as how you got to Please show the answer as well as how you got to that answer. Thanks

Score: 0 of 1 pt 6 of 8 (7 complete) HW Score: 62.5%, 5 of 8 pts X P6-16 (similar to) Question Help O Callable bond. Corso Books has just sold a callable bond. It is a thirty-year quarterly bond with an annual coupon rate of 11% and $5,000 par value. The issuer, however, can call the bond starting at the end of 8 years. If the yield to call on this bond is 12% and the call requires Corso Books to pay one year of additional interest at the call (4 coupon payments), what is the bond price if priced with the assumption that the call will be on the first available call date? What is the bond price if priced with the assumption that the call will be on the first available call date? $ (Round to the nearest cent.)

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