In reviewing the portfolio of a new client, you notice that she has a meaningful investment in Treasury Inflation-Adjusted Securities (TIPS). Each of the following statements is correct, except for one. Which statement is incorrect?\ \ Group of answer choices\ \ The investor is only taxed on the interest payment; the principal adjustment is taxed as a long-term capital gain once the security reaches maturity\ \ TIPS pay a fixed rate of interest but the interest is paid on the adjusted principal\ \ The principal (i.e., face value of the bond) is adjusted for the rise or fall in the Consumer Price Index\ \ TIPS make semi-annual coupon payments