Question
You buy a principal STRIP that is stripped from a Treasury note with a coupon rate of 4.5 percent maturing in 10 years. The price
You buy a principal STRIP that is stripped from a Treasury note with a coupon rate of 4.5 percent maturing in 10 years. The price quote per hundred of par for the STRIP is 75.75 percent. Using semiannual compounding, what is the promised ytm?
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Entrepreneurial Finance Finance For Small Business
Authors: Philip J. Adelman
1st Edition
0138129835, 9780138129835
