Question
The following table depicts the yield to maturity on U.S. government treasury strips. Years to Maturity Yield 1 2.20 % 3 2.70 % 5 3.00
The following table depicts the yield to maturity on U.S. government treasury strips.
| Years to Maturity | Yield | ||||
| 1 | 2.20 | % | |||
| 3 | 2.70 | % | |||
| 5 | 3.00 | % | |||
| 10 | 3.20 | % | |||
| 15 | 3.40 | % | |||
| 30 | 3.70 | % | |||
Using the data provided in the table, calculate the price of U.S. Treasury strips with 5, 10, and 15 years to maturity. (Hint: Bond prices are quoted as a percentage of par.) (Enter your answer as a percent rounded to 2 decimal places.)
|
annual compounding
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Handbook Of Research Methods And Applications In Empirical Finance
Authors: Adrian R. Bell, Chris Brooks, Marcel Prokopczuk
1st Edition
1782540172, 978-1782540175
