A $1,000,000 Face Value STRIPS Has a Yield to Maturity

question 21

Multiple Choice

A $1,000,000 face value STRIPS has a yield to maturity of 6.8 percent. If the maturity is in 13 years, what is the dollar price of the STRIPS?

• A) $419,243
• B) $417,867
• C) $405,321
• D) $412,634
• E) $425,181

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Definitions:

Weight Control

The practice of maintaining a healthy body weight through a balanced diet and regular exercise.

Biologically Determined

Traits or characteristics that are influenced by genetic or physiological factors.

Body Mass Index

A measurement derived from a person's height and weight, used to categorize underweight, normal weight, overweight, and obesity.

Extremely Thin

Having a significantly low body weight or body mass index, often related to health issues or dietary habits.