What is the price of treasury strips with a face value

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Reference no: EM131575622

What is the price of a Treasury STRIPS with a face value of $100 that matures in 11 years and has a yield to maturity of 9.5 percent? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Reference no: EM131575622

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