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(9) P20,000 13. Suppose STRIPS yields for maturities of 0.5, 1, 1.5, and 2 years are currently 2%, 2%, 3%, and 3%. Which of the

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(9) P20,000 13. Suppose STRIPS yields for maturities of 0.5, 1, 1.5, and 2 years are currently 2%, 2%, 3%, and 3%. Which of the following is closest to the price of a $100-face value, 2-year, 4% coupon bond that pays semi-annual coupons currently? (a) $101 (b) $102 (c) $103 (d) $104

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