问题
单项选择题
An analyst does research about interest rate risk of fixed income securities and gathers the following information about three option-free bonds selling at par:
| Bond | Coupon Rate | Maturity (Years) |
| 1 | 5% | 4 |
| 9 | 5% | 9 |
| 3 | 7% | 9 |
A. Bond 1.
B. Bond 2.
C. Bond 3.
答案
参考答案：B
解析：
息票率(Coupon Rate)越低，利率风险越大，因为大部分比例的现金流在未来造成价格变动的可能性增加。期限(Maturity)越长，利率风险越大，因为未来面临的不确定性增加。由于利率变动，折现值也会比较波动。