For amortizing bonds that have the same maturity date, the reinvestment risk for an investor holding the bonds to maturity is greatest for the bonds that are selling at:()
A. a premium to par value.
B. a discount to par value as a result of the bonds being issued as zero-coupon bonds.
C. a discount to par value as a result of market yields increasing after the bond was issued.
参考答案:A
解析:
[分析]: 如果投资者持有债券至到期日且收益率保持不变,则溢价销售的摊销债券将具有较高的息票支付金额,从而进行再投资所需的金额也较高。因此,这类债券具有较高的再投资风险。 [考点] 债券投资的再投资风险