36.02 is the price of treasury strips.
We will use the below formula to calculate price of a Treasury STRIPS:
Price = Bond face value / (1 + Rate /2)^(2 * 11)
Price = 100 / (1 + .095/2)^(2*11)
Price = 36.02
A price is the amount of payment or compensation given by one party to another party in exchange for goods or services. In some cases, the production price is given another name. If the product is a commercial "commodity", the payment for that product may be referred to as the "price".
Price is the amount a consumer is willing to pay for a product. Marketers must relate price to the actual and perceived value of the product while also considering procurement costs, seasonal discounts, competitor prices, and retail markups.
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