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A Treasury note with a face value of $100 pays a 5% coupon (semi-annual). The note has exactly 1.5 years to maturity. The following table

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A Treasury note with a face value of $100 pays a 5% coupon (semi-annual). The note has exactly 1.5 years to maturity. The following table shows current STRIP prices (per $100 of face value) at selected maturities. Which response is closest to the price for the Treasury note implied by the STRIP prices? Price Time to maturity 0.5 years 1 year 1.5 years 2 years $99.25 $98.25 $97.00 $95.70 $104.36 $111.73 $97.55 $98.17

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