David Korotkin, CFA and a broker at an investment bank, has a client who is very concerned about maintaining purchasing power over the next year. The investor is conservative, and to date has been pleased with a consistent return of 8.00 percent. The bank’s research department has estimated next year’s inflation rate at 2.0 percent. The client specifically wants to invest in a fixed-coupon bond. Which of the following statements is most correct If Korotkin purchases a bond with a 10.00 percent coupon, the client:（）
A. will realize a real gain.
B. will not lose purchasing power.
C. may lose purchasing power.
参考答案：C
解析：
Investors want to be compensated for the inflation they expect plus for the risk that inflation will increase during the term of the investment. Here, the bank’s estimated inflation rate is just that-an estimate. Thus, we cannot say for certain that the investor will not lose purchasing power. Inflation risk introduces uncertainty to the investment process.