What is the STRIPS price

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A STRIPS traded on May 1 2014, matures in 16 years on May 1 2030. Assuming a 5.2 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.)

Reference no: EM13875179

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