What''s the current dollar price of this security

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1. A $100,000 face value STRIPS matures in 8 years and has a yield to maturity of 5.80 percent. What's the current dollar price of this security? Please show work if possible

A. $58.872.13 B. $59,587.23 C. $58.561.54 D. $59,945.84

2. A Treasury bill has 65 days left to maturity. The bank discount yield on the bill is 4.25 percent. What's the effective annual rate? Please show work if possible

A. 4.42% B. 4.37% C. 4.23% D. 5.16%

Reference no: EM131623622

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