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Question
You buy a principal STRIP maturing in 5 years. The price quote per hundred of par for the strip is 75.75%. Using semiannual compounding what is the promised yield to maturity on the STRIP?
A. 5.632%
B. 5.712%
C. 2.816%
D. 2.945%
E. 4.566%
Answer
This answer is hidden. It contains 34 characters.
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