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Please explain the steps and equations used. #35 + The yield to maturity for a 20.00 year STRIPS is 4.80%. If par value is $1,000.

Please explain the steps and equations used.

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#35 + The yield to maturity for a 20.00 year STRIPS is 4.80%. If par value is $1,000. then it should sell for $ unanswered Submit not_submitted Answer format: Currency: Round to: 2 decimal places. Attempts Remaining: Infinity

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