单选题 Which of the following statements about the taxation of separate trading of registered interest and principal of securities (STRIPS) is FALSE? A. Implicit interest taxation is a paramount issue for pension plans. B. A 10 -year Treasury note has 20 coupons and 1 principal payment. C. The STRIPS program began in 1985.

【正确答案】 A

【答案解析】Pension plans are not taxable entities so they do not have to worry about implicit interest taxation. All of the other statements are true.