Question: I know the correct answer is 2.88% can help me write down the process 7.) Consider a Treasury STRIP bond with a closing ask price

I know the correct answer is 2.88% can help me write down the process

7.) Consider a Treasury STRIP bond with a closing ask price of 92.888 which matures 2.5844 years later at which time the STRIP holder will receive 100% of the face value. Assuming semi-annual compounding, what is the yield to maturity? 2. 5844 X 2

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