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A strip bond is a bond in which both principal and regular coupon payments (which have been removed) are sold separately. So a strip bond

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A strip bond is a bond in which both principal and regular coupon payments (which have been removed) are sold separately. So a strip bond is known as a zero-coupon bond. The following are the yield to maturity on Canada strip bonds with various years to maturity, What is the price of a 7 -year $1,000 par, 8% annual coupon bond at Year 5

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