A bond issue containing a range of maturity dates is called a ____ bond.

A. junk

B. bearer

C. serial

D. registered

E. term

Which of the following is true about STRIPS ?

A. STRIPS provide investors with protection against inflation.

B. STRIPS are good for immunizing portfolios from interest rate risk.

C. STRIPS are issued directly by the U.S. Treasury.

D. STRIPS accrued interest is taxed only when the security matures or is sold and not on the annual basis.