A Treasury STRIPS Has 25 Years to Maturity and a Yield

question 72

Multiple Choice

A Treasury STRIPS has 25 years to maturity and a yield to maturity of 8.4 percent. What is the price of the STRIPS if the face value is $100,000

• A) $12,782.45
• B) $13,154.32
• C) $12,983.46
• D) $13,312.76
• E) $12,865.27

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Definitions:

Intelligence Quotient

A measure of a person's cognitive abilities in relation to their age group, often used to assess intellectual potential.

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The emotional climate in which parents raise their children, including disciplinary strategies, expectations, and communication methods.

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