问题 单项选择题

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.

答案

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

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