What is the price of a strips with a maturity of 9 years a


What is the price of a STRIPS with a maturity of 9 years, a face value of $10,000, and a yield to maturity of 6.9 percent? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

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Financial Management: What is the price of a strips with a maturity of 9 years a
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