Question: A $1000,000 par value T-Note with 20 year to maturity and 5.175% coupon rate is converted into STRIPS by Bank of American and sold to

A $1000,000 par value T-Note with 20 year to maturity and 5.175% coupon rate is converted into STRIPS by Bank of American and sold to investors for a yield of 4.825%. What is the price of each STRIP?

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