16 At one point, certain U.S. Treasury bonds were callable. Consider the prices in the following three Treasury issues as of May 15, 2017 5.88 points 05/15/2020 6.90 108.96875 109.03125 -31250 3.690 05/15/2020 795 109.50000 109.56250 -.09375 4.510 05/15/2020 9.25 114.56250 114.75000 -46875 3.980 The bond in the middle is callable in February 2018. What is the implied value of the call feature? Assume a par value of $1.000. (Hint Is there a way to combine the two noncallable Do not round e.g., 32.16.) issues to create an issue that has the same coupon as the callable bond?) intermediate calculations and round your answer to 2 decimal places