Assume a hypothetical 30-year bond is issued on 15 August 2019 at a price of 98.195 (as a percentage of par). Each bond has a par value of $1,000. The bond is callable in whole or in part every 15 August from 2029 at the option of the issuer. The call prices are shown below.

The call premium (per $1,000 in par value) in 2033 is closest to:

A. $2.32.

B. $23.22.

C. $45.14.

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Year 2029 2030 2031 2032 2033 2034 Call Price 103.870 103.485 103.000 102.709 102.322 101.955 Year 2035 2036 2037 2038 2039 and thereafter Call Price 101.548 101.161 100.774 100.387 100.000