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A STRIPS traded on April 30, 2020 matures in 12 years on April 30, 2032. The quoted STRIPS price is 84.35. What is its yield
A STRIPS traded on April 30, 2020 matures in 12 years on April 30, 2032. The quoted STRIPS price is 84.35. What is its yield to maturity? (Use Excel to answer this question. Enter your answer as a percent rounded to 2 decimal places.)
=6.40% is incorrect. Please help!
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