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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:
7.10 May 26112.34375112.40625.406255.40
8.85 May 26109.46875109.53125.156255.36
12.60 May 26146.62500146.81250.468755.44
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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