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US Treasury Strips are zero-coupon securities. Suppose you wish to purchase a US Treasury Strip that matures exactly 20 years from now. If the yield

US Treasury Strips are zero-coupon securities. Suppose you wish to purchase a US Treasury Strip that matures exactly 20 years from now. If the yield on 20-year UT Treasury securities is currently 2.80% (bond equivalent yield), how much should you pay for this bond?

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