A Treasury STRIPS matures in 8 5 years and has a yield to maturity of 6 5 percent If the par value is $100,000, what is the price of the STRIPS What is the quoted price ...

A Treasury STRIPS matures in 8.5 years and has a yield to maturity of 6.5 percent. If

Question:

A Treasury STRIPS matures in 8.5 years and has a yield to of 6.5 percent. If the is $100,000, what is the price of the STRIPS? What is the quoted price?

Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...