A TIPS Is Quoted at 101:17

question 39

Multiple Choice

A TIPS is quoted at 101:17. How should this quote be interpreted in relation to a $1,000 face value bond?

• A) The current yield on this security is 1.17 percent.
• B) The bond is currently selling at the discounted price of $101.17.
• C) The bond will mature at a price equal to 101.17 percent of $1,000.
• D) A $1,000 bond is currently selling for 101 and 17/32^nds percent of $1,000.
• E) A $1,000 bond will mature at a price equal to 101 and 17/32^nds percent of $1,000.

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Definitions:

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A system that allows employees to manage their own HR-related tasks online without the need for HR department intervention.

HR Self-Service

Technology-enabled tools that allow employees to manage their own HR-related tasks without the need to interact directly with HR staff.

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Centralized online platforms that provide employees within an organization with access to a wide range of internal and external resources, information, and services.

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The process of forecasting an organization's future human resource needs and developing plans to ensure that a suitable workforce is in place.