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A $25,000 Face Value STRIPS Is Currently Quoted at 27

Question 80

Multiple Choice

A $25,000 face value STRIPS is currently quoted at 27.25 and has 10 years to maturity. What is the yield-to-maturity?

A) 6.26%
B) 6.72%
C) 12.25%
D) 13.43%
E) 13.88%

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