Question
A STRIPS traded on January 31, 2021 matures in 12 years on January 31, 2033. The quoted STRIPS price is 72.40. What is its yield
A STRIPS traded on January 31, 2021 matures in 12 years on January 31, 2033. The quoted STRIPS price is 72.40. What is its yield to maturity? (Use Excel to answer this question. Enter your answer as a percent rounded to 2 decimal places.)
yield to maturity
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ISE International Financial Management
Authors: Cheol Eun, Bruce Resnick, Tuugi Chuluun
9th International Edition
1260575314, 9781260575316
