[CFA模拟真题] 2006 CFA Level I －NO115 style, border, protection, face

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55．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

 

Select exactly 1 answers from the following: A. B. C. D.
答案和详解如下！
Feedback: Correct answer: A

Fixed Income Analysis for the Chartered Financial Analyst Program, 2nd edition, (Frank J. Fabozzi Associates, 2004), pp. 57-58

2006 Modular Level I, Vol. IV, pp. 66

Study Session 14-64-b

describe the types of securities issued by the U.S. Department of the Treasury (e.g. bills, notes, bonds, and inflation protection securities), differentiate between on-the-run and off-the-run Treasury securities, discuss how stripped Treasury securities are created, and distinguish between coupon strips and principal strips

 

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 values are not fixed as they adjust with changes in the level of inflation.

gchh

a

zxue2

A

redway

a

caca

a

kristinejb

[em01]

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[em03]

pippi

[em01]

Run_1500m

11

路西菲尔

a