What is the strips price, A STRIPS traded on April 1 2011,

What is the strips price

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A STRIPS traded on April 1 2011, matures in 10 years on April 1 2021. Assuming a 5 percent yield to maturity, assume a face value of $100. What is the STRIPS price? (Use Excel to answer this question. Round your answer to 4 decimal places. Omit the "%" sign in your response.)

Reference no: EM13723734

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