What Is the Current Value of a $5,000 Face Value

question 56

Multiple Choice

What is the current value of a $5,000 face value STRIPS with 6 years to maturity and a yield to maturity of 8.1%?

• A)$2,998.09
• B)$3,009.16
• C)$3,105.02
• D)$3,128.10
• E)$3,133.40

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High Agreement

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Characters Described

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Actions Mentioned

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Level of Description

The degree of detail that is used in explaining or discussing a concept, phenomenon, or system.