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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 15,2019:
\table[[7.05,May23,110.31250,110.37500,-.37500,5.39],[8.80,May23,107.43750,107.50000,-.12500,5.35],[12.55,May23,145.93750,146.12500,-.43750,5.43]]
The bond in the middle is callable in February 2020. 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?)(Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
Call value
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