Yesterday you paid S1000 for a 6% coupon, $1000 facc value 5-ycar bond. It is callable at the end ycar I (ater it makes the firsı ycar-cnd coupon payment) for S1100, The annual discount rate on this...

Extracted text: Yesterday you paid S1000 for a 6% coupon, $1000 facc value 5-ycar bond. It is callable at the end ycar I (ater it makes the firsı ycar-cnd coupon payment) for S1100, The annual discount rate on this bond has just fallen to 2%. What will this bond be selling for today? If you had intended to hold this bond until it matured, how much moncy did the call provision cost you in total over all five ycars?