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[CFA level 1模拟真题]Version 5 Questions-Q55

Q55. Do Treasury inflation protection securities (TIPS) issued by the U.S. Department of the Treasury have:

Fixed coupon Payment amounts?                     fixed par values?

A.             NO                                      NO

B.             NO                                      YES .

C.             YES                                      NO

D.             YES                                      YES

答案详解如下:

Q55.  A  Study Session 15-67.c

While the coupon rate itself is fixed, the coupon payment. amounts are not as they change with the adjustment in the par value, The par value. The par values are not fixed as they adjust with change in the level of inflatin.

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