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A $50,000 Face Value STRIPS Matures in 12 Years and Has

Question 32

Multiple Choice

A $50,000 face value STRIPS matures in 12 years and has a yield to maturity of 6.50 percent.What is the current dollar price of this security?

A) $21,199.68
B) $23,206.44
C) $25,038.18
D) $26,141.41
E) $28,809.18

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