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

You own a bond with a coupon rate of 7.8 percent and a yield to call of 8.7 percent. The bond currently sells for $1,102. 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.
Call premium
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