How are TIPS quoted?

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter17: Accounting For Notes And Interest
Section: Chapter Questions
Problem 1MC: Principal plus interest equals ______ of a note. (a) discount (b) net proceeds (c) interest rate (d)...
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1. How are TIPS quoted?

 

A. As a percentage of par value

B. As a percentage of accrued interest

C. At a discount of par value

D. As a percentage of current accrued principal

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