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Exam CIFC Topic 1 Question 120 Discussion

Actual exam question for IFSE Institute's CIFC exam
Question #: 120
Topic #: 1
Jasmine purchases a 1-year, $10,000 face value strip bond for $9,600. At maturity, when Jasmine receives
$10,000, which of the following statements is CORRECT?

Suggested Answer: D Vote an answer

Explanation
Jasmine realizes interest income of $400 because she bought a strip bond, which is a bond that has its principal and coupon payments separated and sold individually. Jasmine bought the principal-stripped bond, also known as a zero-coupon bond, which pays no interest until maturity. The difference between the purchase price and the face value at maturity is considered interest income and is taxable in the year it is received.
References: Strip Bonds: Definition, How They Work, Returns, and Example

by Zora at Mar 02, 2025, 12:02 PM

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Here are all the actual test exam dumps for IT exams. Most people prepare for the actual exams with our test dumps to pass their exams. So it's critical to choose and actual test pdf to succeed.

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