问题 单项选择题

Which of the following is least likely a disadvantage of a callable bond to an investor The:()

A. investor is exposed to reinvestment rate risk.

B. cash flow pattern of a callable bond is not known with certainty.

C. issue often offers a higher coupon rate than a comparable option-free bond.

答案

参考答案:C

解析:

An issuer of a callable bond must compensate the bondholder when the issue is sold by offering a higher coupon rate or accepting a lower price than if the right is not included.

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单项选择题