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STRIPS are treasury security and are zero coupon securities. A STRIPS with 10-year maturity has a face value of $1,000. Its offering at YTM of

STRIPS are treasury security and are zero coupon securities. A STRIPS with 10-year maturity has a face value of $1,000. Its offering at YTM of 2.5% currently.

Whats the price of this STRIPS?

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