Question: The US Treasury issues a 2 0 - year Treasury bond to JP Morgan. They have a par value ( face value ) of $

The US Treasury issues a 20-year Treasury bond to JP Morgan. They have a par value (face value) of $1,000, an 8% yield, a 6% coupon rate, and pays semiannually. JP Morgan decides to convert this to STRIPS. How many unique securities are created?

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