U.S. Treasury STRIPS, close of business November 15, 2015 Price November 16 99.471 November 17 98.782 November 18 96.827 Price 95.035 92.570 89.342 Maturity Maturity November 19 November '20 November '21 a. Calculate the quoted yield for each of the STRIPS given in the table above. (Input all amounts as positive values. Do not round intermediate calculations. Enter your answers as a percent rounded to 3 decimal places.) STRIPS Quoted yield Nov 16 STRIPS Nov 17 STRIPS Nov 18 STRIPS Nov 19 STRIPS Nov 20 STRIPS Nov 21 STRIPS b. Does the market expect interest rates to go up or down in the future? Down OUp