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The YTM on a six-month Treasury STRIP is 5.8%, and the YTM on a one-year Treasury STRIP is 7.1%. All YTMs are quoted as APRs
The YTM on a six-month Treasury STRIP is 5.8%, and the YTM on a one-year Treasury STRIP is 7.1%. All YTMs are quoted as APRs with semiannual compounding. Given this information, what would be the price of a one-year coupon bond with a coupon rate of 6.8%, semi-annual payments and a face value of $1000 ? The price of the bond would be $ (Round to two decimal places.)
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