Question: A STRIPS traded on May 1 , 2 0 2 3 matures in 1 2 years on May 1 , 2 0 3 5 .

A STRIPS traded on May 1,2023 matures in 12 years on May
1,2035. The quoted STRIPS price is 77.75. What is its yield to
maturity?
Note: Use Excel to answer this question. Enter your
answer as a percent rounded to 2 decimal places.
Yield to maturity
A STRIPS traded on May 1,2023 matures in 12 years on

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