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Problem 18-25 STRIPS YTM (LO1, CFA2) A STRIPS traded on October 1, 2017 matures in 12 years on October 1, 2029. The quoted STRIPS price

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Problem 18-25 STRIPS YTM (LO1, CFA2) A STRIPS traded on October 1, 2017 matures in 12 years on October 1, 2029. The quoted STRIPS price is 75.40. What is its yield to maturity? (Use Excel to answer this question. Enter your answer as a percent rounded to 2 decimal places.) Yield to maturity

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