A STRIPS Matures in 5 Years, Has a Face Value

question 2

Multiple Choice

A STRIPS matures in 5 years, has a face value of $20,000, and has a yield to maturity of 2.4%. What is the price?

• A)$16,854.59
• B)$17,366.53
• C)$17,751.08
• D)$17,763.57
• E)$18,203.09

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Definitions:

Initiative

The ability to assess and initiate things independently, often seen as a leadership quality.

Sense Of Identity

The way an individual perceives themselves; the sense of who they are.

Erikson

A developmental psychologist known for his theory on the psychosocial stages of human development.

Occupational Roles

Designations or positions held by individuals within a workplace, encompassing their responsibilities, duties, and the expectations of them in a professional setting.