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________ are examples of synthetically created zero-coupon bonds.
A) COLTS
B) OPOSSMS
C) STRIPS
D) ARMs
Synthetically Created
Created or manufactured using a combination of elements and processes to replicate or improve upon a natural product or financial instrument.
Zero-Coupon Bonds
Bonds that do not pay periodic interest payments and are issued at a deep discount, maturing at face value.
STRIPS
Separate Trading of Registered Interest and Principal Securities, a type of U.S. government security that allows the separate trading of interest and principal components.
- Attain an understanding of the aspects and forms of bonds.
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Learning Objectives
- Attain an understanding of the aspects and forms of bonds.
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