What is the price of STRIP

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Reference no: EM13879323

A $100,000 10-year Treasury note with a 1% coupon rate paid semi-annually. The current market interest rate is 5%. What is the price of a STRIP that is due after 3 years?

a. $1,800.25

b. $1,724.59

c. $1,583.73

d. 2,000.00

e. None of the above.

Reference no: EM13879323

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