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Ref: Fixed-Income Securities. 11. Each point on a bond quote represents: a. $100. b. 1 percent of $100. c. 1 percent of $1000. d. $1000. Ans: c. Difficulty: difficult. Ref: Fixed-Income Securities. 12. Treasury STRIPS are most similar to which type of corporate security? preferred stock. premium bond. high-yield bond. zero-coupon bond. Ans: d ... ................
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