A strips traded on may 1 2013 matures in 18 years on may 1, Financial Management

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A strips traded on may 1 2013 matures in 18 years on may 1

A STRIPS traded on May 1 2013, matures in 18 years on May 1 2031. Assuming a 6.1 percent yield to maturity, what is the STRIPS price? (Use Excel to answer this question. Enter your answer as a percentage of par value. Round your answer to 4 decimal places. Omit the "%" sign in your response.)

STRIPS price $

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Financial Management: A strips traded on may 1 2013 matures in 18 years on may 1

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Financial Management: A strips traded on may 1 2013 matures in 18 years on may 1

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