W98NOONMT.8
8. Use the following STRIP table to find the price of a 2 year 8% coupon, $1000 par bond with semi-annual coupon payments. The next coupon is due on July 15, 1998. (6 pts.)
| Bid | Asked | Ask Yield | |
| July 98 | 98:18 | 98:19 | 5.80 |
| Jan 99 | 94:07 | 94:08 | 6.00 |
| July 99 | 90:04 | 90:06 | 6.10 |
| Jan 00 | 88:15 | 88:17 | 6.18 |