Consider the prices in the following three Treasury issues as of May 15, 2007: The bond in

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Consider the prices in the following three Treasury issues as of May 15, 2007:

Consider the prices in the following three Treasury issues as


The bond in the middle is callable in February 2008. What is the implied value of the call feature?

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Fundamentals of corporate finance

ISBN: 978-0073382395

9th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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