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Consider a STRIP bond with a closing ask price of 93.888 which matures 2.5899 years later at which time the STRIP holder will receive 100%
Consider a STRIP bond with a closing ask price of 93.888 which matures 2.5899 years later at which time the STRIP holder will receive 100% of the face value. Assuming semi-annual compounding, what is the yield to maturity?
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