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A Treasury STRIPS matures in 11.0 years and has a yield to maturity of 15.4 percent. Assume the par value is $100,000. a. What is
A Treasury STRIPS matures in 11.0 years and has a yield to maturity of 15.4 percent. Assume the par value is $100,000. |
a. | What is the price of the STRIPS? (Round your answer to 2 decimal places. Omit the "$" sign in your response.) |
Price $ |
b. | What is the quoted price? (Round your answer to 3 decimal places.) |
Quoted price |
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