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A Treasury STRIPS matures in 7 years and has a yield to maturity of 13.4...

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A Treasury STRIPS matures in 7 years and has a yield to maturity of 13.4 percent. Assume the par value is $100,000. a. What is the price of the STRIPS? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Price b. What is the quoted price? (Do not round intermediate calculations. Round your answer to 3 decimal places.) Quoted Price

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