390                                                    14

    $100.     
   $50 ($100/2). ,   
  ,    ,  -
    .   ,
     5,4% [{($1000/$900)1/2 - 1}  100%].  
 STRIP    .     $948,60
($900  1,054).  ,       $48,60
($948,60 - $900).   ,    ,  -
,      ,  $51,40 ($1000  $948,60).
,  $1000 = $948,60  1,054.       
   STRIPS,         .  
     .     -
   ,      -
    . (, ,    
STRIPS      .)

14.4

   

       -
       , -
    .      -
        -
 .   -    
     ,   
.        ,  -
    ,   
     .    
         -
 .         
    .

 . 14.4        -
     1992 . .   . 14.6   
,     ,     
  .

14.4.1     

   ,   , -
     ,    (-
        ); -
  (  ,  , -
);       , 
   ..      -
 .       , , , -
  ,     ..

14.4.2    , 
  

,     (federally sponsored agencies),
  ,     -
        -
   ,      .