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Assume Citi bank decided to buy a T-Note and convert it into STRIP. The T- Note has the following characteristics: maturity of 5 years, coupon

Assume Citi bank decided to buy a T-Note and convert it into STRIP. The T- Note has the following characteristics: maturity of 5 years, coupon rate of 5% semi-annual, face value $10,000 and the YTM is 4.67%. How many securities can be created? b. Calculate the face value of each zero-coupon bond. C. Calculate the price of third and forth payments .

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