U.S. Treasury STRIPS, close of business February 15, 2022: Maturity February 2023 February 2024 February 2025 Maturity February 2026 97.123 94.770 February 2027 92.424 February 2028 EAR Price What is the yield of the February 2024 STRIPS expressed as an EAR? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to Price 98.066 87.528 85.410 %

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Manshukh 

U.S. Treasury STRIPS, close of business February 15, 2022:
Maturity
February 2023
February 2024
February 2025
Price
97.123
Maturity
February 2026
94.770
February 2027
92.424 February 2028
EAR
Price
90.066
What is the yield of the February 2024 STRIPS expressed as an EAR?
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 3 decimal places.
%
87.528
85.410
Transcribed Image Text:U.S. Treasury STRIPS, close of business February 15, 2022: Maturity February 2023 February 2024 February 2025 Price 97.123 Maturity February 2026 94.770 February 2027 92.424 February 2028 EAR Price 90.066 What is the yield of the February 2024 STRIPS expressed as an EAR? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 3 decimal places. % 87.528 85.410
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