Which one of the following statements applies to U.S. Treasury notes?

Question

Quizplus · Accepted Answer

U.S. Treasury notes have original maturities of 2 to 10 years. 
Option A is incorrect because Treasury notes pay periodic interest, so they are not zero-coupon securities. 
Option B is incorrect because Treasury notes can be purchased in denominations as low as $100. 
Option D is incorrect because Treasury notes have a fixed interest rate. 
Option E is incorrect because Treasury notes are sold on a marketable basis meaning they can be bought and sold in the secondary market.

Which One of the Following Statements Applies to U