A Twenty-Year Maturity STRIP Bond Can Be Stripped into __________

question 80

Multiple Choice

A twenty-year maturity STRIP bond can be stripped into __________ instruments.

• A) 20
• B) 21
• C) 40
• D) 41
• E) 10

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Definitions:

Exchange Rate

The price at which one currency can be exchanged for another currency.

Units

Refers to a measure of quantity or amount in a specified dimension such as length, mass, time, etc., or in the context of economics and finance, the smallest portion of a product or financial instrument.

Percent Saving

The percentage of the original price saved as a result of a discount or offer.

U.S. Border

The geographical boundary separating the United States from neighboring countries.