Question: Problem 9-2 STRIPS (LO3, CFA7) A Treasury STRIPS matures in 11 years and has a yield to maturity of 10.4 percent. Assume the par value

Problem 9-2 STRIPS (LO3, CFA7) A Treasury STRIPS matures in 11

Problem 9-2 STRIPS (LO3, CFA7) A Treasury STRIPS matures in 11 years and has a yield to maturity of 10.4 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.) Price b. What is the quoted price? (Do not round intermediate calculations. Round your answer to 3 decimal places.) Quoted Price

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