Which one of the following statements correctly applies to STRIPS?
A) STRIPS securities pay a fixed-rate, semiannual interest payment.
B) A 10-year T-bond is broken into 20 STRIPS securities.
C) Treasury securities are broken into STRIPS securities by brokers.
D) STRIPS securities pay a variable-rate, semiannual interest payment.
E) All STRIPS securities taken from the same Treasury security must be registered to the same owner.
Correct Answer:
Verified
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