Question
Today is the 31 st of January 2011 and the yield on Treasury strips that mature on the 31 st of January 2016 (expressed as
Today is the 31stof January 2011 and the yield on Treasury strips that mature on the 31stof January 2016 (expressed as an APR with semi-annual compounding) is 6%. What is the price today of a Treasury strip with a face value of $100 that matures on the 31stof January 2016?
- A.$74.41
- B.$74.73
- C.$86.26
- D.$55.84
- E.$100
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Accounting Information Systems
Authors: Pat Wheeler, Ulric J Gelinas, Richard B Dull
9th Edition
0538469315, 9780538469319
