All U.S. Treasury coupon strips are:A. zero-coupon
All U.S. Treasury coupon strips are:
A. zero-coupon securities.
B. issued directly by the U.S. Treasury.
C. created from pooled coupon payments of U.S. Treasury securities.
参考解答
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2024-11-14 21:59:39
Ans:A;
A is correct. Since the U.S. Treasury does not issue zero-coupon notes and bonds, investment bankers began stripping the coupons from Treasuries to create zero-coupon securities of various maturities to meet investor demand.
B is not correct because Treasury strips are not issued directly by the U.S. Treasury but are stripped from the principal or interest payments of U.S. Treasury securities become direct obligations of the U.S. government.
C is not correct because Treasury coupon strips are strips created from coupon payments stripped from the original security.
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