Question: 17. Which is true about Treasury notes and bonds? (May be more than one) a. They pay annual coupon payments b. They are now issued
17. Which is true about Treasury notes and bonds? (May be more than one) a. They pay annual coupon payments b. They are now issued in both bearer and book entry format c. Their secondary market is very active d. The interest earned on them is exempt from State and Local Income taxes e. The interest earned on them is exempt from Federal, State and Local Income taxes f. Treasury notes pay annual interest while Treasury bonds pay semiannual interest g. Treasury bonds sold in the primary market have their coupon interest rates set by the Treasury h. Treasury bonds sold in the primary market have their yield to maturity set by the Treasury i. Treasury bonds sold in the primary market have their yield to maturity set by the non- competitive bidding process There is no active secondary market for T-notes and T-bonds
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