Question: A $ 1 , 0 0 0 tace value strip bond has 2 0 years remaining unti maturity. What is its price if the market

A $1,000 tace value strip bond has 20 years remaining unti maturity.
What is its price if the market rate of retum on such bonds is 7.9% compounded semiannually?
A $1,000 tace value strip bond has 20 years remaining unti

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