A $100,000 faces value STRIPS matures in 8 years and has a yield to maturity of 5.80

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A $100,000 faces value STRIPS matures in 8 years and has a yield to maturity of 5.80 percent. What's the current dollar price of this security? Please show work if possible

A. $58.872.13

B. $59,587.23

C. $58.561.54

D. $59,945.84

Related Book For answer-question

Financial Management Core Concepts

ISBN: 978-0132671033

2nd edition

Authors: Raymond M Brooks

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Posted Date: Sep 14, 2020 06:18 AM

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A $100,000 faces value STRIPS matures in 8 years and has a yield to maturity of 5.80

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Solution Price of a strip Face Value 1 1 YTM n Face Value 100000 YTM ... View the full answer

Financial Management Core Concepts

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