U.S. Treasury STRIPS maturing in 10 years has a current price of $502.57 for $1,000 of face
Question:
U.S. Treasury STRIPS maturing in 10 years has a current price of $502.57 for $1,000 of face value. What is the yield to maturity of this STRIPS?
a. 7.0 percent
b. 7.12 percent
c. 8.0 percent
d. 8.12 percent.
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Step by Step Answer:
To calculate the yield to maturity YTM of a US Treasury STRIPS we can use the fo...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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