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Callable bond. Corso Books has just sold a calable bond. It is a thirty year...

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Accounting

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Callable bond. Corso Books has just sold a calable bond. It is a thirty year monthly bond with an annual coupon rate of 5% and $5 000 par value The ssuer, however, can call the bond starting at the end of 5 years. If the yield to call on this bond is 11% and the call requires Corso Books to pay one year of additional interest at the call (12 coupon payments), what is the bond price it priced with the assumption that the call will be on the first available call date? D What is the bond price i priced with the assumption that the call will be on the first available call dato? (Round to the nowost cont)

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