Question
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 $100,000. |
| a. | What is the price of the STRIPS? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.) |
| Price | $ |
| b. | What is the quoted price? (Round your answer to 3 decimal places.) |
| Quoted price |
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Introduction To Estimating Economic Models
Authors: Atsushi Maki
1st Edition
0415589878, 978-0415589871
