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Which of the following statements is NOT true regarding STRIPS?
Debt Securities
Financial instruments representing money borrowed that must be repaid, such as bonds or notes.
Bonds
Financial instruments representing a loan made by an investor to a borrower, typically corporations or governmental entities, which pays back with interest.
Corporation
A legal entity recognized by law as separate from its owners, with its own rights, responsibilities, and liabilities.
Legal Entities
Organizations or structures that have legal rights and obligations, including the capacity to enter into contracts and sue or be sued.
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