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A Treasury STRIPS matures in 1 2 years and has a yield to maturity of 1 0 . 9 percent. Assume the par value is

A Treasury STRIPS matures in 12 years and has a yield to maturity of 10.9 percent. Assume the par value is $100,000.
a. What is the price of the STRIPS?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
Price
b. What is the quoted price?
Note: Do not round intermediate calculations. Round your answer to 3 decimal places.
Quoted Price
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