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A $7,500 Face Value STRIPS Matures in 8 Years and Is

Question 45

Multiple Choice

A $7,500 face value STRIPS matures in 8 years and is currently quoted at a price of 65.24.What is the yield-to-maturity?

A) 3.21 percent
B) 3.38 percent
C) 4.87 percent
D) 5.41 percent
E) 5.76 percent

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