Question: A Treasury STRIPS matures in 15 years and has a yield to maturity of 7.9 percent. Assume the par value is $100,000. a. What is

A Treasury STRIPS matures in 15 years and has a yield to maturity of 7.9 percent. Assume the par value is $100,000.

a. What is the price of the STRIPS? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

b. What is the quoted price?

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