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Assume a hypothetical 30-year bond is issued on 15 September 2019 at a price 97.98 (as a percentage of par). Each bond has a par
Assume a hypothetical 30-year bond is issued on 15 September 2019 at a price 97.98 (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 September from 2026 at the option of the issuer. The call price in 2034 is 104.22. Calculate the call premium (per $1000 value) in 2034. (round your answer to two decimal points).
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