STRIPS What is the YTM on a coupon STRIPS that will mature in 15 years. The parent

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STRIPS What is the YTM on a coupon STRIPS that will mature in 15 years.

The parent bond pays a semiannual coupon based upon a coupon rate of 8.6 % and face value of $1,000. The 15-year coupon STRIP is currently selling for $28.73.

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