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You own a bond with a coupon rate of 5.1 percent and a yield to call of 6 percent. The bond currently sells for $1,104.
You own a bond with a coupon rate of 5.1 percent and a yield to call of 6 percent. The bond currently sells for $1,104. If the bond is callable in five years, what is the call premium of the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Call premium
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