What is the price of STRIPS with a maturity of 12 years, a face value of $10,000, and a yield to maturity of 5.2 percent?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter2: The Domestic And International Financial Marketplace
Section: Chapter Questions
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Please provide correct answer financial accounting

What is the price of STRIPS with a
maturity of 12 years, a face value of
$10,000, and a yield to maturity of 5.2
percent?
Transcribed Image Text:What is the price of STRIPS with a maturity of 12 years, a face value of $10,000, and a yield to maturity of 5.2 percent?
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