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A Treasury STRIPS matures in 8 years and has a yield to maturity of 12.9 percent. Assume the par value is $100,000. a. What is
A Treasury STRIPS matures in 8 years and has a yield to maturity of 12.9 percent. Assume the par value is $100,000.
a.What is the price of the STRIPS?
b.What is the quoted price?
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Advanced Financial Accounting
Authors: Richard Lewis, David Pendrill
7th Edition
0273658492, 978-0273658498
