单选题 Do Treasury inflation protection securities (TIPS) issued by the U. S. Department of the Treasury have: Fixed par values? Fixed coupon Payment amounts? A. No No B. No Yes C. Yes No

【正确答案】 A

【答案解析】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 change in the level of inflation.