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MBA,MCS,M.phil
Devry University
Jan-2008 - Jan-2011
MBA,MCS,M.Phil
Devry University
Feb-2000 - Jan-2004
Regional Manager
Abercrombie & Fitch.
Mar-2005 - Nov-2010
Regional Manager
Abercrombie & Fitch.
Jan-2005 - Jan-2008
A Treasury STRIPS matures in 7 years and has a yield to maturity of 4.4 percent. Assume the par value is $100,000. |
   Â
a. |
What is the price of the STRIPS? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.) |
  Â
  Price | $   |
  Â
b. |
What is the quoted price? |
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