Question: Problem 1 8 - 8 STRIPS Price ( LO 1 , CFA 2 ) What is the price of a STRIPS with a maturity of

Problem 18-8 STRIPS Price (LO1, CFA2)
What is the price of a STRIPS with a maturity of 12 years, a face value of $10,000, and a yield to maturity of 6.6 percent?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.

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