You decided to convert a 3-year Treasury into a set of stripped securities below on September 01, 2020. Calculate the total present value of these STRIPS. Would you profit from stripping this Treasury Note? Assume that the original Treasury has a face value of $100,000.

U.S. Treasury (hypothetical Data) at as 01 September 2020

Spot Market (Market 1)	COUPON (%)	PRICE	YIELD CHG
10/15/2023	1.175	97.451	0.000
09/01/2023	1.05	97.345	0.000
10/15/2021	0	96.972	0.000
04/15/2021	0	96.878	0.000
12/15/2020	0	96.241	0.000

Maturity	Bid	Asked	Asked yield	Maturity		Bid	Asked	Asked yield
Stripped Principal (Market 2)				Stripped interest (Market 3)
15-Nov-20	98.404	98.456	2.28	15-Nov-20		98.381	98.384	2.34
15-Dec-20	98.154	98.226	2.401	15-Dec-20		98.166	98.363	2.464
15-Apr-21	97.904	97.996	2.522	15-Apr-21		97.916	98.142	2.588
01-Mar-21	97.654	97.766	2.643	01-Mar-21		97.692	98.031	2.712
01-Sep-21	97.443	97.536	2.764	01-Sep-21		97.477	97.92	2.836
01-Mar-22	97.193	97.306	2.885	01-Mar-22		97.227	97.789	2.96
01-Sep-22	96.940	97.083	3.006	10-Sep-22		96.974	97.688	3.084
15-Oct-22	96.735	96.853	3.127	15-Oct-22		96.724	97.557	3.208
15-Dec-22	96.485	96.618	3.248	15-Dec-22		96.471	97.446	3.332
01-Mar-23	96.235	96.388	3.369	01-Mar-23		96.221	97.325	3.456
01-Sep-23	96.045	96.158	3.49	01-Sep-23		95.964	97.204	3.58
15-Apr-24	95.832	95.945	3.611	15-Apr-24		95.759	97.083	3.704
15-Oct-24	95.58	95.715	3.732	15-Oct-24		95.474	96.962	3.828
15-Apr-25	95.321	95.484	3.853	15-Apr-25		95.259	96.841	3.952
15-Oct-25	95.071	95.254	3.974	15-Oct-25		95.009	96.72	4.076