Question: A $ 5 , 0 0 0 face value strip bond has fifteen years remaining until maturity. What is its price if the market rate

A $5,000 face value strip bond has fifteen years remaining until maturity. What is its price if the market rate of return on such bonds is 1.22% compounded semiannually?
a
$4,266.16
b
$5,166.16
c
$4,166.16
d
$4,366.16
e
$4,146.16

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