Question: A 5 - year Treasury that pays semiannually has a 6 % coupon and 6 % yield. It is converted into STRIPS. Calculate the price

A 5-year Treasury that pays semiannually has a 6% coupon and 6% yield. It is converted into STRIPS. Calculate the price of the STRIPS created from the $1,000 face value to be paid in 5 years.

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