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A 5 - year Treasury that pays semiannually has a 6 % coupon and 6 % yield. It is converted into STRIPS. Calculate the price

5 -

year Treasury that pays semiannually has a

6 %

coupon and

6 %

yield. It is converted into STRIPS. Calculate the price of the STRIPS created from the $

1, 000

face value to be paid in

5

years.

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