Question: You own a $ 1 0 0 0 face value 9 % annual coupon bond that has 1 5 years until maturity but can be

You own a $1000 face value 9% annual coupon bond that has 15 years until maturity but can be called in 10 years at a call price of $1100. If both the yield to maturity and yield to call are 7%, how much more is the bond worth to you if you believe it will be called versus held to maturity? Answer to the nearest cent (i.e.2 decimal places)

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