Letters to the Editor
To the Editors:
In the May 2008 AAII Journal, Cara Scatizzi described the cons and some of the pros of STRIPS [Separate Trading of Registered Interest and Principal of Securities; Offbeat Offerings: Treasury STRIPS]. But there was a glaring exceptionthe opportunity for extraordinary profits in a declining interest rate environment. This opportunity is the other side of the coin from the risk of price decline if interest rates rise, as described in the articl
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