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Posted on Sep 06, 2024

If a 3 0 - year, $ 1 0 , 0 0 0 strip bond is issued at a yield rate of 5 . 7

If a

30 -

year, $

10, 000

strip bond is issued at a yield rate of

5.75 %

compounded semiannually, what is its issue price? Round to the nearest dollar.

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