XYZ Co. is planning to issue stripped bonds with a face value of $100 and...
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Finance
XYZ Co. is planning to issue stripped bonds with a face value of $100 and maturity of 10 years. What is the price of each stripped bond if the yield to maturity on similar bonds is 5.5% compounded semi-annually?
Select one:
a. $58.13
b. $58.54
c. $76.24
d. $94.72
e. $100.00
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