1. The first bond for which record exists raised funds for which of the following?
A. overseas exploration
B. mining
C. purchase of real estate
D. war
2. Ten million dollars in 7-year 4.5% Treasury notes are purchased and used to back eight serial zero-coupon bonds, the first seven of which pay $450,000 (one each year), the last paying $10,000,000. This series of debt instruments is called which of the following?
A. adjustable bond
B. putable bond
C. STRIP
D. STRAP
E. callable bond