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You buy a principal STRIP that is stripped from a Treasury note with a coupon rate of 2.5 percent maturing in ten years. The price

image text in transcribed You buy a principal STRIP that is stripped from a Treasury note with a coupon rate of 2.5 percent maturing in ten years. The price quote per hundred of par for the STRIP is 75.75 percent. Using semiannual compounding, what is the promised yield to maturity on the STRIP? 2.859% 5.718% 2.797% 1.398% It cannot be determined based on the information given

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