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Problem 18-24 STRIPS Price (LO1, CFA2) A STRIPS traded on May 1, 2017, matures in 18 years on May 1, 2035. Assuming a yield to

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Problem 18-24 STRIPS Price (LO1, CFA2) A STRIPS traded on May 1, 2017, matures in 18 years on May 1, 2035. Assuming a yield to maturity of 5.6 percent, what is the STRIPS price? (Use Excel to answer this question. Enter your answer as a percentage of par value. Round your answer to 4 decimal places.) STRIPS price

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