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You own a bond with a coupon rate of 5.6 percent and a yield to call of 6.5 percent. The bond currently sells for $1,096.

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You own a bond with a coupon rate of 5.6 percent and a yield to call of 6.5 percent. The bond currently sells for $1,096. 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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