A $25,000 Face Value STRIPS Is Currently Quoted at 27

question 80

Multiple Choice

A $25,000 face value STRIPS is currently quoted at 27.25 and has 10 years to maturity. What is the yield-to-maturity?

• A)6.26%
• B)6.72%
• C)12.25%
• D)13.43%
• E)13.88%

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Definitions:

Codon

A sequence of three nucleotides which together form a unit of genetic code in a DNA or RNA molecule.

Homogenized

Made uniform or similar in composition or structure; often refers to milk that has been processed to distribute fat evenly.

Introgression

The transfer of genetic information from one species to another as a result of hybridization between them and repeated backcrossing.

Hybridization

The process of mating or genetically combining individuals from two different species, strains, or varieties to produce hybrids.