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You landed a job with a fixed income desk at a large financial institution. The first assignment is to create STRIPS from a 2-yr T-note.

You landed a job with a fixed income desk at a large financial institution. The first assignment is to create STRIPS from a 2-yr T-note. Please describe how do you strip a 2-year T-note with a coupon rate of 4% and a face value of $100 into 5 zero coupon bonds. You do not need to calculate the price of each zero and there is not enough information to do so.

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