A STRIPS Has a Yield to Maturity of 4

question 58

Multiple Choice

A STRIPS has a yield to maturity of 4.0%, a par value of $20,000, and a time to maturity of 8 years. What is the price?

• A)$9,930.23
• B)$10,678.16
• C)$13,575.84
• D)$14,568.92
• E)$14,613.80

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Definitions:

Expiratory Reserve Volume

The additional amount of air that can be forcibly exhaled after the completion of a normal, quiet expiration.

Warmer

An adjective describing an increase in temperature or a device used to raise the temperature of something.

Moisture

The presence of a liquid, especially water, often in trace amounts in the environment or substances.

Food Passage

The process by which food moves through the digestive tract, starting from ingestion into the mouth and continuing through the esophagus, stomach, and intestines until waste is excreted.