问题
单项选择题
An investor is concerned about interest rate risk. Which of the following bonds has the least interest rate risk The bond with:
A. 5% yield and 10-year maturity.
B. 5% yield and 15-year maturity.
C. 6% yield and 10-year maturity.
答案
参考答案：C
解析： 息票率越低，提前得到的现金流就越少，未来的不确定性就越大，利率风险越大。期限越长，未来的不确定性越大，利率风险越大。所以这3只债券中有最小利率风险的是C。