312.1
1. Use the following STRIP table to figure the price of a 1 year 8% coupon bond with semi-annual payments. The next coupon is due in August 2019. (3 pts)
| Maturity of STRIP | Bid Price | Ask Price |
| August 2019 | 95.00 | 95.06 |
| February 2020 | 90.15 | 90.25 |
| August 2020 | 85.13 | 85.26 |
| February 2021 | 80.20 | 80.44 |