Which of the following statements about an ECAPS (Enhanced Capital Advantaged Security) is true?
A) Interest payments may be delayed at the option of the issuer.
B) ECAPS are exchange-traded funds that invest in secured, short-term debt instruments.
C) Interest payments are taxed at the same rate as dividend income to the individual investor.
D) Interest payments are not tax-deductible since these are perpetual bonds.
Correct Answer:
Verified
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