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Finance Assignment | Professional Writing

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May 22nd, 2020

Treasury STRIPS matures in 5 years and has a yield to maturity of 9.9 percent. Assume the par value is $100,000. a. What is the price of the STRIPS?

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Homework For You

(Do not round intermediate calculations. Round your answer to 2 decimal places.) Price Price b. What is the quoted price? (Do not round intermediate calculations. Round your answer to 3 decimal places.) Quoted Price

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