Saved At one point, certain U.S. Treasury bonds were callable. Consider the prices in the following three Treasury issues as of May 15, 2017 05/15/2020 6.65 05/15/2020 770 05/15/2020 8.20 108.81250 108.87500 - 31250 3.510 109.34375 109.40625 - 09375 4.320 114.40625 114.59375 - 46875 3.070 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 issues to create an issue that has the same coupon as the callable bond (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.. 32.16.) Call value