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Use the following STRIP prices and interest rate to compute the price of a July 2022 (maturity) $1000 par, 4% coupon Treasury bond (with semi-annual
Use the following STRIP prices and interest rate to compute the price of a July 2022 (maturity) $1000 par, 4% coupon Treasury bond (with semi-annual payments). Assume that there are exactly 1.5 years until maturity and that the next semi-annual payment is in July 2021. The interest rate below is quoted as a semi-annually compounded APR. Rate Price 98.75 Maturity July 21 Jan 22 July 22 3% 95.25
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