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A Treasury STRIPS matures in 9 years and has a yield to maturity of 12.4 percent. Assume the par value is $100,000. What is the
A Treasury STRIPS matures in 9 years and has a yield to maturity of 12.4 percent. Assume the par value is $100,000.
What is the price of the STRIPS? ( I got the right answer here = $33865.59)
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