问题
单项选择题
Tom Wilkens is a portfolio manager and has a retiree as a client. The client would like to invest in bonds with low interest rate risk. Which bond should Tom choose for his client The bond with a:（）
A. 20 year maturity and a yield to maturity of 5%.
B. 10 year maturity and a yield to maturity of 8%.
C. 10 year maturity and a yield to maturity of 5%.
答案
参考答案：B
解析：
The shorter the bond’s maturity and the higher the yield to maturity, the shorter the duration and the lower the interest rate risk.