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You own a bond with a coupon rate of 7 . 3 percent and a yield to call of 8 . 2 percent. The bond
You own a bond with a coupon rate of percent and a yield to call of percent. The bond currently sells for $ 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 decimal places.
Call premium
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