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U.S. Treasury STRIPS, close of business November 15, 2015: Maturity November 16 99.471 November 17 98.782 N November '18 96.827 Maturity November 19 November '20

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U.S. Treasury STRIPS, close of business November 15, 2015: Maturity November 16 99.471 November 17 98.782 N November '18 96.827 Maturity November 19 November '20 November '21 Price 95.035 92.570 Price a-1. Suppose the (quoted) yield on each of the six STRIPS increases by 0.05 percent. Calculate the percentage change in price for the one-year, three-year, and six-year STRIPS. (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers as a percent rounded to 3 decimal places.) One-year STRIPS Three-year STRIPS Six-year STRIPS a-2. Which one has the largest price change? Three-year STRIPS One-year STRIPS OSix-year STRIPS

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