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Use the bond term's below to answer the question Maturity 9 years Coupon Rate 3%...

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Use the bond term's below to answer the question Maturity 9 years Coupon Rate 3% Face value $1,000 Annual Coupons The bond is callable in year 5 The call price is $1,040 The interest rate in year 5 is 2% If the firm calls back the bond, how much does the firm save or lose? -$1.83 -$2.02 -$1.92 -$2.11 -$1.74

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