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You own a bond with a coupon rate of 6.4 percent and a yield to call of 7.3 percent. The bond currently sells for $1,087.

You own a bond with a coupon rate of 6.4 percent and a yield to call of 7.3 percent. The bond currently sells for $1,087. If the bond is callable in five years, what is the call premium of the bond?

Note: Do not round intermediate calculations. Round your answer to 2 decimal places.

answer is NOT $180.89

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