What is the call premium of the bond

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Reference no: EM131087733

You own a bond with a 6.8 percent coupon rate and a yield to call of 7.7 percent. The bond currently sells for $1,094. If the bond is callable in five years, what is the call premium of the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Reference no: EM131087733

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