10. Suppose that eight years ago a corporation issued a 15-year bond with a coupon rate of 7% and the indenture specifies a make-whole call premium of 25 basis points over

the yield on a comparable Treasury at the time the call provisi exercised. Assume that the call is exercised immediately after the payment of a coupon. At the time the issue is called, the yield on a comparable Treasury is 3.15%. What is the make-whole call price per $100 of par value if the issue is call the end of the eighth year?