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The January 1, 2005, yield on a Treasury STRIP maturing in 8 years is 5.488%. If the face value is $1,000, what should be the

The January 1, 2005, yield on a Treasury STRIP maturing in 8 years is 5.488%. If the face value is $1,000, what should be the quoted cost of the STRIP today, assuming annual compounding?

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