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A 9 year 4 . 6 6 % coupon bond with an embedded Bermudan call option is trading at 1 0 0 . 8 per
A year coupon bond with an embedded Bermudan call option is trading at per $ of par value. A bond from the same company with the same coupon and maturity but without the call provision is trading at What is the implied value of the call option embedded in the first bond?
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