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As a Treasury security, TIPS are characterized by which of the following statements? A The principal is adjusted monthly according to the consumer price index

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As a Treasury security, TIPS are characterized by which of the following statements? A The principal is adjusted monthly according to the consumer price index B The variable interest rate can never fall below its original coupon rate C Interest payments are the product of a fixed interest rate times the adjusted principal D Semi-annual interest payments are taxed at the state and local level

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