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CH9 A newly issued 30-year treasury bond with a par value of $10,000 pays 6% coupon interest in semi-annual payments over the next 30 years.

CH9 A newly issued 30-year treasury bond with a par value of $10,000 pays 6% coupon interest in semi-annual payments over the next 30 years. Therefore this bond has a total of 61 payments. What is the current STRIPS price of the 30th payment, given that the yield to maturity is 5%?

The amount of the 30th payment = ?$

Time of the 30th payment =? years

STRIPS price = ?$

Please answer questions with question marks.

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