A STRIPS Has a $15,000 Par Value and a Market

question 15

Multiple Choice

A STRIPS has a $15,000 par value and a market value of $10,330. The time to maturity is 7 years. What is the yield to maturity?

• A)3.87%
• B)4.00%
• C)4.94%
• D)5.20%
• E)5.40%

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Service Technology

Technologies and systems designed to improve and support the delivery, management, and quality of services.

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An individual who travels in a vehicle, such as a car, bus, train, or airplane, typically without participating in its operation.

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