You are working the treasury desk at a Bulge-bracket bank on the markets and trading floor. You specialize in buyng treasuries and then severing their final return of PAR from their interest payments. The first newly created security is known as a 'deep-discount bond' as it receives only the return of PAR at maturity as a cash flow. The second newly created security is known as a 'STRIP' and is a series bond without a final PAR returned to it. Compute the lowest price you could sell either at in the market, to turn a profit. Assume a full lot (i.e. PAR=$100,000) per treasury, and that you are actively purchasing with a maturities of 100 years, with a YTM of 2.23%, and a stated rate of interest of 0.81%.