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strips A STRIPS traded on November 1, 2019 matures in 12 years on November 1,2031 . The quoted STRIPS price is 90.40. What is its

strips

A STRIPS traded on November 1, 2019 matures in 12 years on November 1,2031 . The quoted STRIPS price is 90.40. What is its yield to maturity? (Use Excel to answer this question. Enter your answer as a percent rounded to 2 decimal places.)

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