A treasury strips matures in 20 years and has a yield to, Financial Management

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A treasury strips matures in 20 years and has a yield to

A Treasury STRIPS matures in 20 years and has a yield to maturity of 8.4 percent. Assume the par value is $100,000.

a. What is the price of the STRIPS? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

b. What is the quoted price? (Do not round intermediate calculations. Round your answer to 3 decimal places.) Quoted price.

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Financial Management: A treasury strips matures in 20 years and has a yield to

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Financial Management: A treasury strips matures in 20 years and has a yield to

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