A treasury strips matures in 8 years and has a yield to, Financial Management

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A treasury strips matures in 8 years and has a yield to

A Treasury STRIPS matures in 8 years and has a yield to maturity of 5.4 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.) Price $

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