Which of the following statements are correct regarding Series EE savings bonds?
I. Interest is accrued monthly and compounded semiannually.
II. The minimum holding period is 3 months.
III. A penalty of 3-months interest is applied to all bonds redeemed prior to maturity.
IV. Bonds held to maturity are guaranteed to double in value regardless of the interest rate.
A) I and III only
B) I and IV only
C) II and III only
D) II and IV only
E) II, III, and IV only
Correct Answer:
Verified
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