单选题 Which of the following statements about Treasury Inflation Protected Securities (TIPS) is least accurate? A. Inflation adjustments are made semiannually. B. The coupon rate on TIPS is effectively a real rate of interest. C. The coupon rate adjusts upward for inflation.
【正确答案】 C
【答案解析】The principal is adjusted for inflation, not the coupon rate. However, the coupon payment adjusts as the principal adjusts.