Question
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
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 31st
of January 2016 ?
- A.$74.41
- B.$74.73
- C.$86.26
- D.$55.84
- E.$100
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
6th edition
9781305178045, 1285429648, 1305178041, 978-1285429649
