A treasury strips matures in 7 years and has a yield to, Ask an Expert

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A Treasury STRIPS matures in 7 years and has a yield to maturity of 9.4 percent. Assume the par value is $100,000.

a. What is the price of the STRIPS? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

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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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92066979

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