What is the price of a STRIPS maturing in 20 years with a face value of $10,000
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What is the price of a STRIPS maturing in 20 years with a face value of $10,000 and a yield to maturity of 7.5 percent?
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The STRIPS price is calculated as the present value of a sing...View the full answer
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Related Book For 
Fundamentals Of Investments Valuation And Management
ISBN: 9781266824012
10th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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