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At one point, some Treasury bonds were callable. Consider the prices on the following three Treasury issues as of May 1 5 , 2 0

At one point, some Treasury bonds were callable. Consider the prices on the following three Treasury issues as of May 15,2022:
\table[[7.20,May 26,116.40625,116.46875,-.46875,5.42],[8.95,May 26,113.53125,113.59375,-.21875,5.38],[12.70,May 26,148.68750,148.87500,-.53125,5.46]]
The bond in the middle is callable in February 2023. What is the implied value of the call feature? Assume a par value of $1,000.(Hint: Is there a way to combine the two noncallable issues to create an issue that has the same coupon as the callable bond?)
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