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A STRIPS traded on May 1 2014, matures in 18 years on May 1 2032. Assuming a 5.6 percent yield to maturity, what is the
A STRIPS traded on May 1 2014, matures in 18 years on May 1 2032. Assuming a 5.6 percent yield to maturity, what is the STRIPS price?
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International Financial Management
Authors: Jeff Madura, Roland Fox
5th Edition
1473770505, 978-1473770508
