Question: An eight year strip has a $5,000 face value per strip and pays a 6% APR with semiannual compounding, What is the value of the

An eight year strip has a $5,000 face value per strip and pays a 6% APR with semiannual compounding, What is the value of the strip? $3,534.11 $3,115.83 $3,003.11 None of the above. QUESTION 20 5 points What is the duration of the strip? 7.17 years 8.00 years 8.11 years None of the above 5 points QUESTION 21 In the post Dodd-Frank Wall Street Reform Act period a bank can no longer use a strip to implement a microhedge True False

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