A U.S. Treasury STRIPS has a face value of $100 and matures…

A U.S. Treasury STRIPS has a face value of $100 and matures on June 15, 2035. The STRIPS has an ask yield quote of 2.20%. At the time of the quote, there are 10 years remaining to maturity.Calculate the price of the STRIPS, expressed per $100 of face value. Note: STRIPS use semi-annual compounding.

By selecting “True” below, I affirm that:I have turned on th…

By selecting “True” below, I affirm that:I have turned on the live camera view on Honorlock, and the camera view clearly shows the required workspace (see example photo below), as defined in Section 12 of the syllabus.I understand that failure to comply with this and other academic assessment proctoring procedures constitutes academic misconduct under University Policy 3344-21-02 and may result in disciplinary action, which may include receiving a zero (0) on the assessment, an “F” grade in the course, suspension or dismissal from the University, and a permanent record on my student file.