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Yield on a STRIP bond A STRIP bond has a coupon of 6%, the coupon payment matures in 16.5 years. The STRIP bond has a

Yield on a STRIP bond

A STRIP bond has a coupon of 6%, the coupon payment matures in 16.5 years. The STRIP bond has a price of $19.11. Find the yield? ANSWER IS 2.75% but how?

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