Treasury STRIPS Are

question 82

Multiple Choice

Treasury STRIPS are:

• A)zero-coupon bonds issued by the U.S. Treasury with maturities of one year or less.
• B)currently quoted in 32^nds of a dollar.
• C)zero-coupon securities.
• D)a type of mortgage bond.
• E)coupon securities created from the interest and principal payments of Treasury bonds.

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Definitions:

True Performance

The actual output or results achieved by an employee, as opposed to perceived or estimated performance.

Canadian Companies

Businesses or corporations that are registered, based, or operate primarily in Canada.

Variable Pay

Compensation that is based on performance or outcomes, differing from fixed salaries and can include bonuses, commissions, or profit-sharing.

Profit-sharing Plan

A profit-sharing plan is an incentive program in which employees receive a share of the company's profits, typically distributed annually.