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Suppose the treasury issues a ten-year bond with a par value of $10,000 and an 8% coupon rate (paid semiannually) to citigroup. Citigroup decides to
Suppose the treasury issues a ten-year bond with a par value of $10,000 and an 8% coupon rate (paid semiannually) to citigroup. Citigroup decides to convert the bond into a set of stripped securities by requesting the Treasury to separate the coupons and face value of the note into separate securities on its computer system. Citigroup can then sell_____ different securities.
A.) 10
B.) 20
C.)21
D.) none of the above.
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