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Posted on Jul 26, 2024

What is the price of a STRIPS with a maturity of 1 1 years, a face value of $ 1 0 , 0 0 0

What is the price of a STRIPS with a maturity of

11

years, a face value of $

10, 000,

and a yield to maturity of

6.5

percent?Note: Do not round intermediate calculations. Round your answer to

2

decimal places.

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