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Which of the following is NOT a correct statement about STRIP bonds? I. A STRIP is a zero coupon bond. II. A STRIP never trades

Which of the following is NOT a correct statement about STRIP bonds? I. A STRIP is a zero coupon bond. II. A STRIP never trades at a premium to face value. III. The yield to maturity on a STRIP is equal to its capital gain yield. All 3 statements are correct

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