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A STRIPS matures in 5 years, has a face value of $25,000, and has a yield to maturity of 5.4 percent. What's the price? a.
A STRIPS matures in 5 years, has a face value of $25,000, and has a yield to maturity of 5.4 percent. What's the price?
a. $16,542.14
b. $17,914.98
c. $19,152.95
d. $18,725.33
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Investment Management
Authors: Stephen Lofthouse
2nd Edition
047149237X, 9780471492375
