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A Treasury STRIPS matures in 7 years and has a yield to maturity of 4.4 percent. Assume the par value is $100,000. (a) What is
- A Treasury STRIPS matures in 7 years and has a yield to maturity of 4.4 percent. Assume the par value is $100,000.
(a) What is the price of the STRIPS?
(b) What is the quoted price? STRIPS prices are quoted as a percentage of par.
- LKD Co. has 12 percent coupon bonds with a YTM of 9.9 percent. The current yield on these bonds is 10.4 percent. How many years do these bonds have left until they mature?
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Quantitative Investment Analysis
Authors: Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, David E. Runkle
3rd edition
111910422X, 978-1119104544, 1119104548, 978-1119104223
