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Problem 1 8 - 2 4 STRIPS Price ( LO 1 , CFA 2 ) A STRIPS traded on May 1 , 2 0 2
Problem STRIPS Price LO CFA
A STRIPS traded on May matures in years on May Assuming a yield to maturity of percent, what is the STRIPS price?
Note: Use Excel to answer this question. Enter your answer as a percentage of par value. Round your answer to decimal places.
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