You own a bond with a 56 percent coupon rate and a yield to, Ask an Expert

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You own a bond with a 5.6 percent coupon rate and a yield to call of 6.5 percent. The bond currently sells for $1,096. If the bond is callable in five years, what is the call premium of the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.) Call premium $

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Financial Management, Finance

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