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What is the present value of a $15,000 face value STRIPS with 8 years to maturity and a yield to maturity of 5.25%? $6,615.12 $9,723.86

What is the present value of a $15,000 face value STRIPS with 8 years to maturity and a yield to maturity of 5.25%?

  • $6,615.12

  • $9,723.86

  • $9,909.24

  • $9,960.00

  • $12,191.75

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