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Suppose that 100 million par values of 5-year U.K. gilts with a 4% coupon rate are purchased to create zero-coupon strips. Further suppose that the

Suppose that 100 million par values of 5-year U.K. gilts with a 4% coupon rate are purchased to create zero-coupon strips. Further suppose that the coupon payment dates are June 30 and December 31. What are the coupon strips and principal strips that can be created from these securities?

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