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You own a bond with a coupon rate of 7 . 4 percent and a yield to call of 8 . 3 percent. The bond

You own a bond with a coupon rate of 7.4 percent and a yield to call of 8.3 percent. The bond currently sells for $1,095. 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.

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