问题
单项选择题
How does the convexity of a bond influence the yield on the bond All else the same, for a bond with high convexity investors will require:（）
A. a higher yield.
B. a lower yield.
C. the same yield as for a low convexity bond.
答案
参考答案：B
解析：
Convexity is to the advantage of the bond holder because a high-convexity bond's price will decrease less when rates increase and will increase more when rates decrease than a low-convexity bond's price.